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10
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Taylor Dasch
6
Votes |
10
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Getting a HELOC on an investment property.

Taylor Dasch
Posted

Geez it has been extremely difficult to find a lender to give me a HELOC or Home equity loan on an investment property that I have quite a bit of equity in. I dont want to refinance because my interest rate is super low. Id like the loan to be able to put a down payment on a bigger property(quadplex) as I would be able to pay the loan off in about 2-3 years. Does anyone have any advice on this? I have called all the local banks and they wont do it unless they are the first lien on the property. I tried online but that caused me to get spammed with calls. Any advice would be greatly appreciated. Thanks!

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