We recently closed a Heloc for a real estate investor who wanted to use the equity in his investment property.
Scenario: Maximizing Equity for Growth
Consider a seasoned real estate investor who has owned an investment property for nine years. With a first mortgage locked in at a low interest rate, they’ve built substantial equity over time. Now, they’re eager to leverage that equity to further expand their real estate portfolio.
With a solid FICO score of 734 and a debt-to-income ratio of 49%, this investor is well-positioned to take advantage of our HELOC product. Our solution allows them to tap into their property’s equity with a 70% Combined Loan-to-Value (CLTV) ratio, providing new investment opportunities.
The Non-QM Solution: Convenience and Flexibility
Our HELOC product is designed for real estate investors.
– 1st and 2nd Lien Positions:
– No In-Person Appraisal Required
– No Title Commitment Required
– Debt-to-Income Ratio Max 50%
– Diverse Property Types: 1-4 residential units.
In today’s fast-paced world, convenience is key. That’s why we’ve made it possible to close your HELOC using an E-Notary, adding an extra layer of ease to the process.
Speaking to one of our Heloc experts is easy, just reach out.
