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Learning, Sharing, and Teaching => Real Estate and Landlording => Topic started by: Marvel2017 on September 12, 2016, 07:09:01 AM

Title: Cash out refi/HELOC on primary residence where I rent out part of the property.
Post by: Marvel2017 on September 12, 2016, 07:09:01 AM

Our primary residence is on a lot with two properties...I rent one living space and we live in the other. Just curious if since we live here if I would qualify under conventional primary residence cash out refi (or HELOC for that matter). Anyone had experience with this type of situation? Thanks!

Title: Re: Cash out refi/HELOC on primary residence where I rent out part of the property.
Post by: MetalCap on September 12, 2016, 10:16:56 AM

Assuming you mean 1 lot, 2 structures, yes you should be eligible for both a HELOC and/or a REFI.