Wednesday, December 16th, 2009 at
5:09 am
Dec
16
Where can I get a home equity line of credit (HELOC) on a condominium investment property?
ByI own a common ownership which we lease out as well as owe zero upon a mortgage. I’ve practical for multiform HELOCs online, though all have denied me since it is deliberate an investment property. Does any one know of any bank which offers this sort of loan?
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2 Comments
December 16th, 2009 at 5:54 am
Why not try your ;local credit kinship distribute of them have been loaning income right right away during the flattering great rate
December 16th, 2009 at 6:31 am
Sounds similar to we have been posterior the “wrong type” of loan……stay divided from internet loans anyway….
A personal loan w/ Condo as collateral…..or financial the loan by the normal mortgage…..
You will compensate aloft seductiveness rates since it’s investment property….but still, presumption your credit is good…. the debt volume upto 15% of the home’s worth should be straightforward…
Try the credit union.