All Forum Posts by: Joe Taylor

Thank you for the info i will certainly keep trying

6% interest is what she said. I thought that was high but after calling other banks i think for a heloc it is not to bad?

@Benjamin Seibert the small bank that wants to do the heloc for me wants to assume my first mortage? Which means off the bat I will have a draw for the existing mortage..Does this sound correct?

I bought a property in February for 39k. I have the property rehabbed and have a good tenant in place. I want to refinance to pull out cash to buy another property. I have tried several banks today and they are giving me crazy high interest rates and huge closing cost..I have a local bank wanting to do a heloc and assume my first mortage but idk if that would be a good idea or not...

Home value now 85k

Helppppp