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HomeForumsClassifiedsHELOC on Investment Property!
Michael Hyun's profile image
Michael Hyun's profile image
Michael Hyun
  • Investor
  • from San Jose CA
  • Member since Oct 14, 2018
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Michael Hyun's profile image
Michael Hyun's profile image
Michael Hyun
  • Investor
  • from San Jose CA
  • Member since Oct 14, 2018
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Michael Hyun
  • Investor
  • San Jose CA
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113
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HELOC on Investment Property!

Michael Hyun
  • Investor
  • San Jose CA
Posted May 4 2024, 00:18

Looking for lenders who are doing HELOCs on investment properties! 

Better mortgage quoted me 10%+ variable rate, but I want to know if anyone else has had luck - seems like more lenders are doing HELOCs on investment properties right now!

Recommendations please!

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Kerry Baird's profile image
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Kerry Baird
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  • Rental Property Investor
  • from Melbourne, FL
  • Member since May 5, 2011
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Kerry Baird's profile image
Kerry Baird's profile image
Kerry Baird
Pro Member
  • Rental Property Investor
  • from Melbourne, FL
  • Member since May 5, 2011
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Kerry Baird
Pro Member
  • Rental Property Investor
  • Melbourne, FL
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Kerry Baird
Pro Member
  • Rental Property Investor
  • Melbourne, FL
Replied May 4 2024, 06:53

I like Navy Federal for its long draw period and long repayment period. Navy offers an interest only mortgage, if that is of value to you. Rates are in a similar place for their investment HELOC product.

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