Skip to content
Private Lending & Conventional Mortgage Advice

User Stats

43
Posts
18
Votes
Nicole Galchutt
  • Lender
  • Oregon, Hawaii and Texas
18
Votes |
43
Posts

Owner Occupied HELOC

Nicole Galchutt
  • Lender
  • Oregon, Hawaii and Texas
Posted Jul 28 2020, 09:15

Hi! I am a newbie and have a lot of equity in our personal home that I would like to get a heloc on. However we bought a rental property earlier this year and the local banks won't approve a heloc as they are looking at the debt of the investment property but can't count the rental income until it shows on my taxes. Any suggestions to getting around this? Thanks!