Can I get a Home Equity Loan to purchase a rental property?
Tags:getting a mortgage, money, mortgage loan, rental properties,
2
So, which approach we could make use of the little income to rehab around the skill rsther than than removing the debt loan. The let properties have been customarily ranged K to K.
Thanks!
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done all the time
I am a mortgage banker in TN & KY
. You can do this if you have $30,000 in equity. Dont make your offer until the money is in your bank account. Many 2nd loans have been cancelled with no notice. The banks are tightening up.