All Forum Posts by: Marc Slobasky

Gerald,

Thanks for the reply.  I can do a refinance but doesn't make sense considering my rate and don't currently have a use for the money as of yet.  Just thought a line would give me the flexibility

Hey everyone pretty new to the forum.  Seems to be a great place.  My question is about two years ago I bought a triplex as my primary residence. I have been living in one of the units and rent out the other two.  Recently I have been trying to get a home equity Line of credit.  I have tried several banks, and even though its my primary residence, they are giving me a hard time, as they seem to think of it as investment property.  Does anybody have any experience with this, and know any banks that will lend?  They all all have no problem giving me a home equity loan.  Thanks appreciate the feedback

Thanks Jassem I will give them a call. Do you know what their LTV is? Probably 80%

Hey guys new to the Forum. Looks like an amazing place. I Bought a Triplex last year. I live in one of the units and rent the other two out. Was wondering if anyone knew of a good lender for a Home equity line. The issue is i'm not sure on the comps, and I dont want to go through the whole process to find out it didn't appraise high enough for the line. I have some agents pulling comps. Zillow has it appraising real high, not sure how accurate that is. Thanks