Dallas-Fort Worth Real Estate Investor Club

Home Equity Line of Credit (HELOC)

  • 07 Apr 2014 2:50 PM
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    Message # 1533127
    Jesus Galaviz

    I am trying to find a bank or financial institution that is offering HELOCs.  Does anyone know what institutions would offer the best terms and highest LTVs?

    Thanks.
  • 08 Apr 2014 6:10 AM
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    Reply # 1533644 on 1533127
    Deleted user
    All the larger banks and credit unions have this product and the LTV is up to 80%.   Rates will not vary a lot, I do not think.
  • 08 Apr 2014 7:53 AM
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    Reply # 1533692 on 1533127
    Robin Carriger (Administrator)
    Gary's correct.  However, I believe you still can only get a HELOC on your primary residence.  At one point you could get HELOCs on rentals, but those haven't been available for a long time.  If you know someone who has a HELOC on a non-owner occupied property, they've likely had it for many years.  If I'm wrong about this, please let me know.  I'll be there tomorrow to apply.
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