Mortgage & Money Blog

FYI-I was trying to help my customer to get HELOC fast because they have to go India within 2 weeks. Since I cannot broker HELOC this faster during holiday season, refinancing needs 3 extra business days. I called around people I know in local bank, I found one with prime rate! I told my customers that this should be a mistake because most banks offer prime plus 1% for investment property. Turn out that was true, but it is only up to 80% CLTV. So call me if you need that HELOC from investment property. I do not get paid, so do not worry about that I am trying to get your business or making money.

JR