Updated over 4 years ago on . Most recent reply
How can I get approved for a heloc owning 6 rental properties??
Hey BP I live in CT, with wells fargo all of a sudden closing my personal LOC, Now I can't even get a HELOC on my primary or any of my rentals and I have a nice amount of equity in there.. my DTI is too high. I first applied to wells fargo when I only had two properties and they gave me a nice 50k loc now that they are closing, I'm afraid I keep getting denied. Does anyone have any idea of what banks to try? Are the credit unions and better bet? I have great credit , the only debt I have is my mortgages, I house hack and pay no rent, live way below my means and I can save a nice chunk a month just keep getting denied. Very frustrating ! Thanks for the advice!
Ryan