Philadelphia HELOC references? Recommendations?
Hey everyone!
I am looking to start up a fix & flip business alongside my dad. Since my family's home where I grew up no longer has a mortgage, we were considering using a HELOC to cheaply start our fix & flip business (side note: we have never used a HELOC before).
-(*For Philadelphia investors*)
Does anyone know any lenders/references in the Philadelphia area that offer great terms for a HELOC? Have you ever worked with these lenders & what was your experience?
-(*For all investors*)
Have you ever used a HELOC to start-up or fund your business, and what was your experience? What are some key criteria or loan terms to look for, when searching for a lender for your HELOC? Any advice or warnings?
Thanks so much all, I look forward to hearing your insights.