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Updated over 2 years ago on . Most recent reply

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Cody Dupuie
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Best Bank for HELOC?

Cody Dupuie
Posted

I am trying to get a HELOC on my primary residence to buy my first investment property. I have spoke with both Flagstar bank and a local credit union and both informed me that the funds could not be used to purchase realestate. Any recommendations on how I should proceed? Would rather do a HELOC than a cash out refinance if possible.

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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
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John McKee#5 Commercial Real Estate Investing Contributor
  • Investor
  • Fairfax, VA
Replied

I've had success with TD bank.  Give them a try.

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