{"id":3035,"date":"2024-03-02T15:54:00","date_gmt":"2024-03-02T21:54:00","guid":{"rendered":"https:\/\/www.connerash.com\/blog\/?p=3035"},"modified":"2024-05-09T16:22:53","modified_gmt":"2024-05-09T21:22:53","slug":"march-2024-client-profile","status":"publish","type":"post","link":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/","title":{"rendered":"March 2024 Client Profile"},"content":{"rendered":"\n

Marlene owns rental property inherited from her father. She\u2019s looking for money to expand her veterinary clinic and diversify her investments. One option is a home equity loan.<\/p>\n\n\n\n

Checking with local banks, Marlene has found that not all banks offer home equity loans on rental property and that lenders share standard requirements for these loans:<\/p>\n\n\n\n

    \n
  1. 15% to 20% equity minimum,<\/li>\n\n\n\n
  2. minimum credit score of 620 to 700, and<\/li>\n\n\n\n
  3. debt-to-income ratio of 43% or less.<\/li>\n<\/ol>\n\n\n\n

    Some lenders may also have limited Loan-to-Value caps for investment properties, 60%, for example.<\/p>\n\n\n\n

    She\u2019s also learned that the rental property home equity loan interest may be tax deductible, but, generally, only if she uses the loan to improve the property and designates it as a qualified residence for the tax year claimed rather than renting it.<\/p>\n\n\n\n

    Marlene also has found some alternatives\u2014a home equity line of credit, a cash-out refinance, and a personal loan. She\u2019s going to discuss her possibilities with her financial professional.<\/p>\n\n\n\n

    Client Profile is based on a hypothetical situation. The solutions discussed may or may not be appropriate for you.<\/sup><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    Marlene owns rental property inherited from her father. She\u2019s looking for money to expand her veterinary clinic and diversify her investments. One option is a home equity loan. Checking with local banks, Marlene has found that not all banks offer home equity loans on rental property and that lenders share standard requirements for these loans: … <\/p>\n

    Continue reading “March 2024 Client Profile”<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39],"tags":[],"class_list":["post-3035","post","type-post","status-publish","format-standard","hentry","category-newletters"],"yoast_head":"\nMarch 2024 Client Profile - Conner Ash<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"March 2024 Client Profile - Conner Ash\" \/>\n<meta property=\"og:description\" content=\"Marlene owns rental property inherited from her father. She\u2019s looking for money to expand her veterinary clinic and diversify her investments. One option is a home equity loan. Checking with local banks, Marlene has found that not all banks offer home equity loans on rental property and that lenders share standard requirements for these loans: … Continue reading "March 2024 Client Profile"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/\" \/>\n<meta property=\"og:site_name\" content=\"Conner Ash\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-02T21:54:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-09T21:22:53+00:00\" \/>\n<meta name=\"author\" content=\"Suzanne Watson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Suzanne Watson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/\"},\"author\":{\"name\":\"Suzanne Watson\",\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/#\\\/schema\\\/person\\\/2981787dac46b1dabe881c3f3d1cb3f0\"},\"headline\":\"March 2024 Client Profile\",\"datePublished\":\"2024-03-02T21:54:00+00:00\",\"dateModified\":\"2024-05-09T21:22:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/\"},\"wordCount\":179,\"articleSection\":[\"Newsletters\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/\",\"url\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/\",\"name\":\"March 2024 Client Profile - Conner Ash\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/#website\"},\"datePublished\":\"2024-03-02T21:54:00+00:00\",\"dateModified\":\"2024-05-09T21:22:53+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/#\\\/schema\\\/person\\\/2981787dac46b1dabe881c3f3d1cb3f0\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/march-2024-client-profile\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"March 2024 Client Profile\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/\",\"name\":\"Conner Ash\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/#\\\/schema\\\/person\\\/2981787dac46b1dabe881c3f3d1cb3f0\",\"name\":\"Suzanne Watson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/99b3890c91abd2b78da7fea563a1b195b11e45ef03fe39d1330d72a70dc406b8?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/99b3890c91abd2b78da7fea563a1b195b11e45ef03fe39d1330d72a70dc406b8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/99b3890c91abd2b78da7fea563a1b195b11e45ef03fe39d1330d72a70dc406b8?s=96&d=mm&r=g\",\"caption\":\"Suzanne Watson\"},\"url\":\"https:\\\/\\\/www.connerash.com\\\/blog\\\/author\\\/swatsonconnerash-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"March 2024 Client Profile - Conner Ash","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/","og_locale":"en_US","og_type":"article","og_title":"March 2024 Client Profile - Conner Ash","og_description":"Marlene owns rental property inherited from her father. She\u2019s looking for money to expand her veterinary clinic and diversify her investments. One option is a home equity loan. Checking with local banks, Marlene has found that not all banks offer home equity loans on rental property and that lenders share standard requirements for these loans: … Continue reading \"March 2024 Client Profile\"","og_url":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/","og_site_name":"Conner Ash","article_published_time":"2024-03-02T21:54:00+00:00","article_modified_time":"2024-05-09T21:22:53+00:00","author":"Suzanne Watson","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Suzanne Watson","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/#article","isPartOf":{"@id":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/"},"author":{"name":"Suzanne Watson","@id":"https:\/\/www.connerash.com\/blog\/#\/schema\/person\/2981787dac46b1dabe881c3f3d1cb3f0"},"headline":"March 2024 Client Profile","datePublished":"2024-03-02T21:54:00+00:00","dateModified":"2024-05-09T21:22:53+00:00","mainEntityOfPage":{"@id":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/"},"wordCount":179,"articleSection":["Newsletters"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/","url":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/","name":"March 2024 Client Profile - Conner Ash","isPartOf":{"@id":"https:\/\/www.connerash.com\/blog\/#website"},"datePublished":"2024-03-02T21:54:00+00:00","dateModified":"2024-05-09T21:22:53+00:00","author":{"@id":"https:\/\/www.connerash.com\/blog\/#\/schema\/person\/2981787dac46b1dabe881c3f3d1cb3f0"},"breadcrumb":{"@id":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.connerash.com\/blog\/march-2024-client-profile\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.connerash.com\/blog\/"},{"@type":"ListItem","position":2,"name":"March 2024 Client Profile"}]},{"@type":"WebSite","@id":"https:\/\/www.connerash.com\/blog\/#website","url":"https:\/\/www.connerash.com\/blog\/","name":"Conner Ash","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.connerash.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.connerash.com\/blog\/#\/schema\/person\/2981787dac46b1dabe881c3f3d1cb3f0","name":"Suzanne Watson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/99b3890c91abd2b78da7fea563a1b195b11e45ef03fe39d1330d72a70dc406b8?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/99b3890c91abd2b78da7fea563a1b195b11e45ef03fe39d1330d72a70dc406b8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/99b3890c91abd2b78da7fea563a1b195b11e45ef03fe39d1330d72a70dc406b8?s=96&d=mm&r=g","caption":"Suzanne Watson"},"url":"https:\/\/www.connerash.com\/blog\/author\/swatsonconnerash-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/posts\/3035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/comments?post=3035"}],"version-history":[{"count":1,"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/posts\/3035\/revisions"}],"predecessor-version":[{"id":3036,"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/posts\/3035\/revisions\/3036"}],"wp:attachment":[{"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/media?parent=3035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/categories?post=3035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.connerash.com\/blog\/wp-json\/wp\/v2\/tags?post=3035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}