*** I've tried to search some info regarding HELOCs in recent posts, but was not able to find anything relevant.
** If this topic was already discussed before, I would appreciate a link to the conversation.
This has been almost impossible to obtain, does anyone know lenders or banks who is open to HELOCs at this time?
I am in process of refinancing an investment property and it takes a very long time, my second option is to get a HELOC on another property, it is fully paid off and is located in Miami FL. Funds are needed for a 25% down payment for a commercial MFH.
If you have any recent experience or suggestions, I'd appreciate your input.
Thank you in advance!!!
@Elena Zhebrun Lots of posts on this topic. Here's a recent one that suggests PenFed:
And another one from a few days ago that suggests TD Bank (and also mentions PenFed and US Bank):
And there's numerous lenders listed in this post from a couple months ago:
You'll just need to call around. And here's a blog post with a list of questions you can refer to when calling and talking to potential lenders:
Thanks, Kyle, this is really helpful! I am not sure how I was not able to find this. 🤦♀️
Will start calling them now, much appreciated!