Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

Is a heloc available on my austin rental property?

Author Message
Icon Mini Profile thomasboyce





Joined: 04 Jan 2009

Posts: 1

1.30 Dollars($)
Post Posted: Sun Jan 04, 2009 2:18 am    Post subject: Is a heloc available on my austin rental property?
Like 0
Dislike 0

I am a California resident who owns a rental property in austin texas. I have been told it is not possible for me to get a heloc, because the home is not my residence. Is this true??
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

Posts: 10439
Location: Alaska
985.83 Dollars($)
Post Posted: Sun Jan 04, 2009 11:26 pm    Post subject:
Like 0
Dislike 0

Hi thomasboyce!

Welcome to forums!

As far as I know, HELOC is available on a rental property. I think you should consult a few more lenders and check your options. You can also contact the lenders of this community and seek a no obligation free mortgage consultation. Let's hope they will be able to help you.

Feel free to ask if you have further queries.

Sussane
Icon Mini Profile dlackey



best lender badge

Joined: 05 Jan 2009

Posts: 9

3.77 Dollars($)
Post Posted: Mon Jan 05, 2009 8:52 am    Post subject: Texas HELOC on Rental Property
Like 0
Dislike 0

Currently, there are no lenders offering HELOCs on rental properties in Texas. You can obtain a HELOC on your primary residence; or, obtain a cash out refinance.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.037 seconds.