Creative Real Estate Financing

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Chase Whiteman
  • Investor
  • Colorado Springs, CO
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HELOC with Hard Money, any experience?

Chase Whiteman
  • Investor
  • Colorado Springs, CO
Posted Apr 27 2022, 21:57

Hello,
Considering using the equity in my primary residence to apply for a heloc. I am told most banks/credit unions will lend 85% LTV on primary.

With rates increasing, should having a variable rate with a heloc make this financing option less attractive? 

Has anybody successfully or unsuccessfully used a heloc in conjunction with hard money?

Thanks!

Colorado Springs, Colorado

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