Please advice of a HELOC lender that allows stated income documentation for an investment property?
I am trying to make a deal work. It is a HELOC (or we can do a fixed second) but he is self employed and needs to go stated doc. Also it is an investment property. Any idea of lenders? 692FICO - 80% CLTV - Investment Property - Stated.
Public Comments
- ove 680 he could go stated! both options should be considered and proced out for you try i did my refinance thru them and they beat my best estimate! i highly recomend them! still lots of good stuff online about them! contact them to see if they lend in your state they lend in many states in the U.S. Http://www.DirectLendingPlanet.com
- A HELOC is a HOME EQUITY line of credit. An investment property does NOT have home equity. You DON'T need a stated income anything. You CAN document his income for the last 2 years. You did when you filled tax returns. If you wish to buy an investment property using the equity in your home, contact a bankruptcy lawyer for advice.
- http://hsbcinvestment.co.in/ provides investment oppurtunity,investment banking, investment services, stock investment guide.
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