Updated over 5 years ago on .
anyone know of any bank offering 2nd mtg/Eline on rentals in CO?
Anyone know of any banks offering 2nd mortgages on rentals in Colorado? Not interested in a cash out refinance (don't want to re-ammortize the original loan). I've tried quite a few and the best I could find was a 5 year balloon at a 5.5% rate, which seems high. I'm looking for preferably an open ended equity line, but also open to a long term 2nd mortgage. This is on a rental property with currently about 35-40% LTV