Zillow Advice RSS: Question-Discussion-Guide,Home Equity Loans,Gainesville- GA http://www.zillow.com/advice/Gainesville-GA/mortgage-home-equity-loans/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Financing Investment Property After Cash Purchase http://www.zillow.com/advice-thread/Financing-Investment-Property-After-Cash-Purchase/446067/ Hi -I am making an all cash purchase on an investment property in Georgia and want to get cash out for renovations after the purchase. The property will appraise for @ $90,000 and I am looking for a $15,000-$20,000 loan. My only debts are mortgages on my primary residence, another investment property and a credit card that I pay off regularly. My FICO is 750 or better. <br/><br/>Am I better off seeking a Home Equity or a Second Mortgage? I've already approached a Credit Union and they DO NOT make home equity loans on investment properties. Is that common? Where would I look:<br/>&nbsp;A. To get an investment home equity/second <br/>B. Where am I likely to get best rates/terms?<br/>&nbsp;Thanks<br \><br \>2 replies Fri, 08 Jun 2012 11:54:00 GMT http://www.zillow.com/advice-thread/Financing-Investment-Property-After-Cash-Purchase/446067/ 2012-06-08T11:54:00Z