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Updated over 1 year ago on . Most recent reply

Raj Kumar's profile image
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Raj Kumar
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  • from Queens Village, NY
  • Member since Aug 2, 2016
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Raj Kumar's profile image
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Raj Kumar
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  • from Queens Village, NY
  • Member since Aug 2, 2016
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Raj Kumar
  • Investor
  • Queens Village, NY
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Short-Term & Vacation Rental Discussions

Heloc on second home

Raj Kumar
  • Investor
  • Queens Village, NY
Posted

Hi, Can I take out HELOC on my second home ( vacation home) ? Thank you 

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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
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Michael Baum
#2 Short-Term & Vacation Rental Discussions Contributor
  • Olympia, WA
Replied

Yes you can. It will all depend on the appraised value of the place. Check with your lender.

I know that one of our credit unions was happy to lend on our lake house if we wanted.

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