Get Equity Out - Posted by Dominic

Posted by Nick on March 22, 2002 at 14:24:59:

Dominic

Most commercial lenders do not like to lend over 80%. If you want to tap some of the equity go to a local bank. Most local community banks will loan 90% of the value. That is if you have owned the propery for more than 6 months.

Hope this helps and good luck
Nick

Get Equity Out - Posted by Dominic

Posted by Dominic on March 22, 2002 at 10:35:48:

How do I get my 20% equity out of my rental. Lenders don’t want to give a loan when it is not owner occupied. Do I have to wait until I have more equity?
Thanks,
Dominic