HELOC On Investment Property

[Vitaliy Zima]

Hello,

I moved out of my house 5 years ago and have a big chunk of equity sitting in it. I don't want to refinance because cash flow is great on that home and I have the home locked at 4% interest rate with 20yrs left to pay if off. I was thinking of opening a heloc on that home but as far as I understand when opening a heloc my DTI will be reviewed by the lender --- I have an atrocius DTI so I was wondering if there are lenders that offer no doc helocs on investment properties or if there are other options I may not be thinking of?

Thanks,

Vitaliy