All Forum Posts by: Joseph Harrison

@Kerry Baird

Thank you! I will touch base with all.

@Kerry Baird

Primary- Arizona

Investment properties- California

@Jason Wray

AGREE!!

Very burdensome to say the least.

Was thinking of looking for a lender for HELOC…

What are your thoughts?

Would you have any leads?

Hello all!

Seeking help to obtain a HELOC or LOC.

Have tried unsuccessfully with my primary bank (Bank of The West) and PNC.

Primary residence carries no mortgage and investment properties have great equity.

However, both banks were very conservative and have countered with 50k line of credit.

Factors that that they stated adversely affected:

1. Proportions of loan balances to loan amounts too high..?? (I definitely questions this.)

2. Too many inquires in 12 months…

(lol there were 2.)

3. Time since most recent account opening is too short..???

(Don’t know what this means??)

4. Too few accounts currently paid as agreed…

(ummm..ok…all accounts in GREAT STANDING! 800+ fico!)

Any help is greatly appreciated.

Thank you!

@Erik Estrada

Hey Erik!

Thanks for the reply…actually I am open to either. Tried obtaining a HELOC / LOC on MF properties we own (mortgage) and that did not fair well. Recently applied for a HELOC with PNC and it was not favorable either.

Definitely not looking to refi to cash out , have a good rate on our MF properties.

Any leads on investor friendly banks/lenders in the Phoenix area to obtain a HELOC?

@Andrew Garcia

Hey Andrew…yes that would be great…

Sent a connect..

Hello all!

What banks/lenders are best for maximizing LTV for a HELOC..??

Both properties owner occupied.

Prop #1- mortgage= 0 - market value 450k

Prop #2- mortgage= 299k market value= 525k.

TIA!

Looking for LOC secured by Multi Family Properties. Traditional banks do not offer LOC on multi units. Any leads would be appreciated.

@Jerry Moore

I am a MF investor in Tulare & Kings County.

Looking to fix/flip or brrrr. Do you wholesale in these areas? Any info or possible connections would be appreciated.

Thanks!