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Updated about 12 years ago on . Most recent reply

Albert Tsang's profile image
Albert Tsang's profile image
Albert Tsang
  • from Round Rock, Texas
  • Member since Dec 13, 2012

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17
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Albert Tsang's profile image
Albert Tsang's profile image
Albert Tsang
  • from Round Rock, Texas
  • Member since Dec 13, 2012
Albert Tsang
  • Round Rock, TX
0
Votes |
17
Posts
Private Lending & Conventional Mortgage Advice

Are 2nd mortgages available in Texas on investment properties

Albert Tsang
  • Round Rock, TX
Posted

I have inquired with local banks if an equity line of credit or HELOC is available against investment properties. Unfortunately, they have all declined claiming that Texas regulations prohibit this type of product on investment properties.

Is this true or are banks simply avoiding this type of loan in Texas?

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