HELOC line of credit
My fiancé and I are looking for a Heloc line of credit. It must be in her name since she’s the one on the deed. Since we live in Massachusetts we are having a hard time to get some lenders to even understand what we’re trying to do. If anyone has any suggestions please let me know.
Are you perhaps not phrasing this properly? You have told lenders you are looking for a line of credit/ heloc/ second mortgage and they are confused?
I think we're missing some info from your request.
Are you saying you want to be named on the HELOC? That wont be possible since its not your home. If you want a HELOC with both your names you will have to go on title.
Quote from @Minna Reid:
Are you perhaps not phrasing this properly? You have told lenders you are looking for a line of credit/ heloc/ second mortgage and they are confused?
I think we're missing some info from your request.
Are you saying you want to be named on the HELOC? That wont be possible since its not your home. If you want a HELOC with both your names you will have to go on title.
I definitely left things out. I don’t want to be on the loan. We want to take the line of credit out to pay off debt & invest in real estate. I will be using the first time home buyers for the investment.
TD Bank is one of the only banks that will allow you take out a HELOC loan