All Forum Posts by: Neil Aggarwal

Some lenders have requirements that others do not have. Check with other lenders in your area to see if they will let you use the LOC for a down payment. I bet you someone will.

Is that the listing agent or your buyer's agent saying that?

If it is the listing agent, it sounds like they want an all-cash offer.

If it is the buyer's agent, replace them with a better agent.

 If you have any properties which are free and clear, you can also get a cash-out loan or set up a line of credit using them as collateral.

If you are going to flip it, you should be able to complete the repairs and sell it before you need to return the money.

Are you planning on holding the property as a rental?
If so, you might be able to get a conventional loan.  It might be hard to find a lender willing to do it, but ask everyone and you might be able to find someone.

I am not an expert, but I think it is 2 years per property.

You might be able to find private money sources in your area to get financing until you can get approved by the banks.

If you have an unsecured loan, I assume it works a lot like cash and you can use it for anything.

Your title says unsecured loan.  That is going to be very hard to find.
Most lenders will want primary lien.

It is going to be very hard to find anyone that will give you anywhere near 100% LTV. That is very high.

It depends on the lender, not the fact that it is a refinance.