Low/No Doc Heloc

[Evan J.]

I have a property that I'd like to get some equity out of via a HELOC. I purchased with cash, so I have 100% equity in the house (about $300,000).

How easy/hard would it be to get a low or no doc line of credit against the property?  Are such products even still available?  I'm curious to know what people's experiences have been dealing with various types of lending institutions as well.

[Robert Grant]

HI Evan,

They are certainly available, just depends where the property is located.  Where is the SP located (city/state)?  Maybe I can help..

Best,

Robert