Updated almost 6 years ago on . Most recent reply
Problem Getting Out Equity
I purchased a duplex for 165k 2 years ago. Remodeled kitchen and bathroom along with adding a garage and now it's worth 250k. I ended up using some personal loans to accomplish some of this. I planned on refinancing/heloc to pull the money out to pay off the loans and put down on my next property. The problem I have is my debt/income ratio is too high because of the loans I heard from one lender. I just want to pay off the loans with equity. Not sure how to proceed besides slowly paying down my personal loans until I can get a refinance/heloc. Any suggestions?
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@Quan Booker where is this property located?