Can You Get a HELOC on a Rental Property? Here’s the Answer > 자유게시판

Many lenders allow borrowing up to 70% to 80% of the hire property's appraised price, minus any existing mortgage balance. Like, if your property is valued at $400,000 and your mortgage balance is $200,000, can you get a heloc on a rental property could qualify for a HELOC all the way to $120,000 ($400,000 × 75% – $200,000).