your lines are at prime minus xxx rate. you cannot get prime minus for investment properties.
prime plus 1.25% - 1.5% is normal. fixed rate advance can lower the cost a bit. also banking relation discount.
prime rate typically is 2.5%-3% above fed fund rate, which is close to zero right now. mkt currently is expecting fed fund rate stays at zero until late 2015.
you can get 4 HELOC on investment properties under each name, granted you have income to support the PTI. it is getting harder to qualify since lenders started to use fully indexed rate plus 3-4$, AND assume a 20-year amortization term when calculating PTI ratios.
just my 2c.
prime plus 1.25% - 1.5% is normal. fixed rate advance can lower the cost a bit. also banking relation discount.
prime rate typically is 2.5%-3% above fed fund rate, which is close to zero right now. mkt currently is expecting fed fund rate stays at zero until late 2015.
you can get 4 HELOC on investment properties under each name, granted you have income to support the PTI. it is getting harder to qualify since lenders started to use fully indexed rate plus 3-4$, AND assume a 20-year amortization term when calculating PTI ratios.
just my 2c.
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