Home Equity Lines of Credit (HELOC/HELOANS)
There are many options today around the lines of credit for the home - you can get variable rate options and even fixed rate options. Some investors allow 90% CLTV (combined loan to value of 1st and 2nd) so you are able to get higher amounts. Many homeowners have a home equity line of credit just as an emergency line if ever needed. **will be a mortgage on the home. Primary Homes only