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Updated over 4 years ago on . Most recent reply

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Adrian Balderas
  • Rental Property Investor
  • Burlington, IA
3
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6
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HELOC the best way to go?

Adrian Balderas
  • Rental Property Investor
  • Burlington, IA
Posted

Why am I getting push back from my local banks on HELOC? I'm trying to start a relationship with a local bank and when I bring up options for financing and wanting to get a HELOC they suggest that it's not the best or right way to go.

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336
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336
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Jonathan Pflueger
  • Ben Lomond, CA
336
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336
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Jonathan Pflueger
  • Ben Lomond, CA
Replied

@Adrian Balderas

Try another bank bank? Relationships with local banks are important, but simply shop around more if hey are not giving you what you need. Maybe try a broker or a larger more main stream bank. 

What property are you trying to get a HELOC on? If it is not a primary residence it is considerably harder but not impossible.

  • Jonathan Pflueger
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