Can I get a Home Equity Loan to purchase a rental property?

December 29th, 2009 | by admin |

So, that way I could use some money to rehab around the property rather than getting a mortgage loan. The rental properties are usually ranged $30K to $50K.

Thanks!

done all the time
I am a mortgage banker in TN & KY

  1. 2 Responses to “Can I get a Home Equity Loan to purchase a rental property?”

  2. By golferwhoworks on Dec 29, 2009 | Reply

    done all the time
    I am a mortgage banker in TN & KY
    References :

  3. By Ed Atun on Dec 29, 2009 | Reply

    . 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.
    References :

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