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Updated over 4 years ago on . Most recent reply

How can I get a HELOC on a rental property? I live in Indiana.
I have a rental property with a good equity in it. I would like to open a HELOC, but have a hard time to find a bank which would do HELOC on a rental property.
I live in Indianapolis, Indiana.
Any advise will be appreciated!
Thank you,
Elena
Most Popular Reply

I haven't found a bank that likes to do this. Would recommend just a traditional refi (rate will be better anyway).