HELOC - Investment property in SC (reside in TX)
Good morning BP. I'm interested in locating a bank to provide a HELOC on an investment property with ~130-140k of equity. I starting scouring the internet and bigger institutions and it seems the lenders doing HELOCs on investment properties has dwindled. I reside in New Braunfels, Texas. The investment property is in Mount Pleasant, SC (Charleston area). And recommendations / advice. I believe overall the HELOC would be much cheaper than a cash-out refinance, especially given the current 3.25 30yr VA note I have, to get access to that equity. I'm all ears for any other options/products. Thanks in advance.