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John Meussner
Mortgages in AZ, CA, CO, DE, FL, GA, MD, MN, MT, NC, NJ, NV, OK, OR, PA, SC, SD, TN, TX, UT, VA, WI - Fair Oaks, CA
#MortgageMadeEasy Fair Oaks, CA 484-680-4852

Turn times will vary greatly, but a line of credit is usually only somewhat faster than a full blown first lien mortgage.  It does depend how much equity they have and how well qualified they are - if it's a 'slam dunk', the process shouldn't take more than a couple weeks provided an appraiser can get out there quickly.

May 29, 2017 11:12 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Call John Meussner 

May 29, 2017 10:33 AM
Rainmaker
843,962
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Depends on the bank, on client's cashflow and overall credit profile, also how fast appraisal can happen and so on. Plan on about 30 days.

May 29, 2017 02:58 PM
Rainmaker
5,767,371
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Wanda,

Glad you have your answer from John Meussner .  A

May 29, 2017 02:14 PM
Rainmaker
4,432,119
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Getting any HELOC will depend on how qualified someone is, who organized their paperwork is to submit to the lender, and then on the lender, as well.

May 29, 2017 01:40 PM
Rainmaker
1,424,800
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Usually a couple of weeks, or less.  Depends on the bank you go through.  Most need an inspection of the property and an appraisal.

 

John Meussner is my first thought for a CA lender that can help.

May 29, 2017 10:08 AM
Ambassador
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Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Where is John Meussner 

May 29, 2017 09:16 AM
Rainmaker
4,244,493
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

John Meussner to the rescue.  Again.  I suggest putting John into your phone.

May 30, 2017 01:51 AM
Ambassador
3,145,350
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have a great CA lender resource Wanda Kubat-Nerdin - call me for details!!!!

May 29, 2017 05:06 PM
Rainmaker
1,346,364
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Jason E. Gordon is your #1 resource for that!

May 29, 2017 04:07 PM
Rainmaker
4,433,809
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Goodluck.

May 29, 2017 12:03 PM
Rainmaker
4,277,224
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good question Wanda

 

May 29, 2017 10:18 AM
Rainmaker
808,903
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

I'm not in California but our equity line took about 3 weeks here in Idaho.  -Kasey

May 29, 2017 09:32 AM
Rainmaker
2,683,672
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This is a good question Wanda...let's find out

May 29, 2017 09:19 AM
Rainmaker
6,965,243
Roy Kelley
Retired - Gaithersburg, MD

They may wish to contact their own bank.

May 29, 2017 09:11 AM
Rainmaker
4,508,482
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The major banks such as Chase or Wells Fargo can do an equity line in a week if the borrower has equity and good credit! 

May 29, 2017 08:44 AM
Rainmaker
4,326,750
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I would call some of your favorite lenders but would think this would not take more than 3-4 weeks at most.

May 29, 2017 08:33 AM
Rainmaker
1,708,235
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Why not call a few you have worked with?

May 29, 2017 08:26 AM
Rainmaker
5,579,193
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

sounds like a "slam dunk" that shouldn't take more than a three weeks....

May 29, 2017 08:15 AM
Ambassador
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Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

should be instantly

May 31, 2017 06:40 AM
Rainmaker
3,070,784
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

parked and reading...

May 30, 2017 10:40 AM
Rainmaker
1,667,226
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Great information from John M.

May 30, 2017 07:54 AM
Rainmaker
4,799,651
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I would assume it would vary from institution to institution.

May 30, 2017 05:18 AM
Rainmaker
1,549,295
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

CA home prices very. But the medium price is about 500k. 

May 29, 2017 09:46 PM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Wanda Kubat-Nerdin - I think in most part of the USA, it should not take very long!

May 29, 2017 09:33 PM
Rainmaker
3,986,000
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Great question...In Minnesota, once we find a lender it would take aabout the same time as a regular mortgage.

May 29, 2017 05:52 PM