All Forum Posts by: Lloyd Hassell

Thank you John.

Who has used DeedWerx to transfer a deed and share their experience with them?

Union Building Trades Federal Credit Union and Ascendia Bank.

Your post prompts curiosities for me. What exactly do you mean by 'underwriting' and 'co sign on a loan'? Also, what type of loan are you considering pursuing?

If you are willing to share answers I may be able to help you along some...

HI Sophia,

The answer to your question is simple and straight forward. Start with TD Bank, HELOCs on investment properties are a part of their lending business. I have an application in process on an investment property at the moment. I found them as a potential lender as a result of a Google search. I also have a HELOC application approved on another investment property with a credit union I belong to. These lenders want to see strong credit, verified personal income, assets vs. liabilities, verified rents, occupancy and a debt to income ratio no higher than 43%.Remember though, there are exceptions to every rule (they may extend the limit on DTI).

There are local banks and credit unions that will underwrite these lines of credit. I found other small banks here in New Jersey that do. In addition, some large banks other than TD do as well (their names escape me at the moment). 

How wise is this strategy?