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Updated about 2 years ago on . Most recent reply

Jerry Brecko's profile image
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Jerry Brecko
  • from Pennington, New Jersey
  • Member since Feb 9, 2018
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Jerry Brecko's profile image
Jerry Brecko's profile image
Jerry Brecko
  • from Pennington, New Jersey
  • Member since Feb 9, 2018
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Jerry Brecko
  • Pennington, NJ
5
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Help with finding a heloc for investment property

Jerry Brecko
  • Pennington, NJ
Posted

Does anyone know any banks or credit unions that will give me a heloc on an investment property.

Owed: 650k

Appraised: 1.2mil

Credit 735

Or any other way to pull out equity to buy more properties.  I do not want to refi because I am locked in at a very low rate.

Jersey City, New Jersey
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Dan B.'s profile image
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Dan B.
  • from San Diego, ca
  • Member since Jun 8, 2016
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Dan B.'s profile image
Dan B.'s profile image
Dan B.
  • from San Diego, ca
  • Member since Jun 8, 2016
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Dan B.
  • San Diego, ca
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Dan B.
  • San Diego, ca
Replied

Penfed credit union gave me a HELOC on my non-owner occupied multi-family property. I had some issues during the approval process (mulitiple requests for documentation they already had), but my last couple interactions with them went smoothly.

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