Updated over 5 years ago on . Most recent reply
Options for HELOC on primary home
Hello,
I am looking to get a HELOC on my primary home. I have around 1.5M equity in the house and already have a 500k heloc from fremont bank. Are there any lenders who are fine to be 3rd in lien (after my prime mortgage and current heloc) that can lend me more? Or are there other lenders who can lend higher than 500k (in which case I will close my heloc with fremont bank). I came across meriwest and they provide heloc for upto 1M on primary home but only when LTV is 50%.
Thanks
NR
I am looking to get a HELOC on my primary home. I have around 1.5M equity in the house and already have a 500k heloc from fremont bank. Are there any lenders who are fine to be 3rd in lien (after my prime mortgage and current heloc) that can lend me more? Or are there other lenders who can lend higher than 500k (in which case I will close my heloc with fremont bank). I came across meriwest and they provide heloc for upto 1M on primary home but only when LTV is 50%.
Thanks
NR