Refi and take out the cash, put in a safe instrument and get the 
interest.... You will have your cake and eat it too.
Bob 
--- In [email protected], Jack Getter <[EMAIL PROTECTED]> 
wrote:
> Commercial (SISA): 
> 
> bkkirrne <[EMAIL PROTECTED]> wrote:I own an eight family house in NYC. 
It is worth about a million. There 
> is a first mortgage balance of $80,000. I could refinance a take 
out a 
> considerable amount of money. However I have no immediate need for 
all 
> that money. I really need a home equity type of loan where by I 
could 
> use the money when needed. I have not been able to find a bank that 
has 
> such loans on 8 family income property that I do not live in. Can 
> anyone offer any suggestions.
> 
> Thanks.
> 
> Bill
> 
> [EMAIL PROTECTED]
> 
> 
> 
> 
> 
> 
> 
> 
> 
> 
> Apply for Commercial Real Estate loans online and submit your deal 
to dozens of hungry lenders in just minutes. Loan programs for all 
types of business and commercial real estate. Apply anytime at 
http://realestatezoo.com 
> 
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> ---------------------------------
> 
> 
> 
> 
> 
> Thanks
> Jack Getter
> http://www.LenderLister.com
> Consumer Reports for the MTG. Industry Built by You the Mortgage 
Professional






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