Who is offering HELOC on second home with occasional Abnb rentals done.

Some.banks immediately turn this into an investment property and deny that.

Don't want to cash out refinance as underlying mortgage is <3% and fees plus new cost to carry are not worth it.

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Have you tried reaching out to the major banks? Those might be your best shot during this environment. I’ve also heard some people working with Mortgage Depot, and Flagstar Bank.

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Additional Posts in Interest Rates

Whom would you opt for, Builders lender or traditional lender for new construction?

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How many quotes have you gotten for interest rates and overall costs?

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If both are priced relatively similar, which would you choose: new construction or existing home?

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Mortgage rates jumped in the last couple of weeks to 6.28% because of inflation data, as well as the fed increasing rates by 75bps. If the fed sticks to their plans (Jul rate inc if 50bps/75bps; followed by 3 inc of 50 bps), will rates continue to range between 5.75-7%?

After todays announcement of a fed rate hike of 75 bps, Mortgage rates over the next couple of months will likely remain within 0.25% to 0.50% of todays range. Unless the fed throws a curve ball in their remaining meetings, the remainder of rate hikes have already been baked into mortgage rates currently being offered.

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What will interest rates be come December?

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Based on the current environment, if interest rates rise to what percentage, will you forgo buying a house for now?

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