Updated about 13 years ago on . Most recent reply
Can your equity partner do a HELOC on his share of your property?
Can your equity partner do a HELOC on his share of your property? Say he has a 70% share, and the value of the house goes up to 200k, can he get a HELOC for 140k?
Does it matter if you split profits 50/50 - I assume no because the equity position is what matters right?
Also how does the HELOC lender verify that you have 70% equity?