Sunday, July 19, 2015

How to get a bank loan when I already have 5 mortgages?


I have top tier credit but I can t get an HE line on my paid off house because I already have 5 mortgages/HE lines on investment properties. 2 banks I have gone to said I would need to pay off 2 loans to be able to get one loan from them. The math works out to where there s no benefit if I do that.

Are there lenders that don t care how many mortgages I have as the numbers work in terms of credit score, debt ratio, income, etc?

I m looking at B2R finance to cash out on other investment properties I own that are paid off, but I would also like to cash out on the home I m living in.

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