Need a noo equity line - Posted by brinc

Real Estate Investing Real Estate Financing
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Posted by Patrick S. Lawson on November 17, 2005 at 07:38:40:

What you may want to consider is a high CLTV 2nd on your personal residence instead of two HELOCS. Lets say that you could go to 100% CLTV on both properties. You would have an available credit line of aprox. 68K. On the other hand you could cash out your primary residence to 115% CLTV and have an available line of aprox 64K. Your closing costs would be lower and your rate would be lower than the blended rate if you had two transactions.

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Need a noo equity line - Posted by brinc

Posted by brinc on November 16, 2005 at 19:25:03:

HI,i need a noo equity line.My primary res.3 years,will appraise at 180k i ow 143k. my rental owned 13 years will apprais at 75-80k ow 36500 +7000 equity line.my credit score is 710.THANKS for the help