What Is a Key Lock?

A key lock is a line of credit am using the equity in your primary residence. Small banks tend to have real good rates, and there's barely any closing cost. You can usually do up to 90 % loan to value. So it's really nice to be able to fund your own cash deals,. pay interest only for however long you'r doing the rehab, then pay it off when you do the refinence after the project's done. Not a lot of people are comfortable using their personal asset, and i get that. But in our case, we've never, like, seen the risk because we have so much equity in our home that we're comfortable doing it.

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