HELOC on Rental Properties. PENFED
I just want to give an update to those who want to get HELOC on Rental, especially through penfed.
They will give HELOC on rental up to 80% LTV
Owner can not own more then 3 properties.
If owner have 4 properties, they can only do HELOC on the primary resident and not the rental.
just giving this information out so you don't have to go through register account with them.