DSCR HELOCs are seriously underrated right now
I don’t think enough investors realize how powerful these can be
If you have equity sitting inside your rental properties, you may be able to open a line of credit against that property without refinancing your existing first mortgage
And the part that’s really interesting...
-> you can potentially do this on multiple rental properties
-> keep the low rate on your current 1st mortgage
-> access equity without selling
-> use the money for another purchase
-> use it for rehabs or construction
-> keep it available for reserves or opportunities
-> LLC options are available
-> some options don’t require traditional tax return/paystub qualification
So let’s say you own 5 rentals with equity
You could potentially have separate lines of credit available across multiple properties instead of having all that equity just sitting there
That can give you a LOT more flexibility when another deal comes up
Case Study #1:
I had a client with several properties in LLCs who kept getting denied
Because we didn’t have to use traditional income qualification, we were able to get her qualified and closed in about a week and a half
Case Study #2:
Another investor was halfway through construction and ran short on funds
We got them approved for a $113,000 line of credit so they could keep the project moving
The crazy part is the property wasn’t even fully completed
Best fit for properties held in an LLC
https://axenmortgageheloc.com/account/heloc/register?referrer=7b129019-d220-40e7-9f5d-ccf102a6e9d9
Option B
For properties NOT held in an LLC, with more flexibility around income
https://heloc.nexamortgage.com/invite/nexa-mortgage-llc/benjamin-stef/signup
Option C
Takes a little longer, but this is a DSCR HELOC where we can qualify using rental income from the property
https://heloc.deephavenmortgage.com/benjamin-stef
I’m telling you...if you own rentals with equity, this is worth knowing about
These are some of the most underused investor loan programs available right now
Just reply to this email or text me at 773-817-7894 and I’ll tell you which option fits your property best
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