We are trying to get a HELOC on our primary residence in order to grow our rental business. Running into a tough time (Amplify CU had some really weird rules around recognizing rental income from our other properties). Can anyone recommend a HELOC provider they have successfully worked with? Alternatively, a portfolio lender or bank that we can work with to get a portfolio LOC?
@Edwin Sequeira I am having the same issue securing a HELOC on my primary. Let me know if you ever find a solution but I have called pretty much every bank in town asking them and the appetite for risk is just not there right now.
Mine is through BBVA, they did an excellent job and there were no origination fees.
@Robert Eyers Thank you for the tip! We will check them out this week.