Hi,
I was wondering if anyone knew or had ever done this before…can a Home Equity Line of Credit (HELOC) on a primary residence be used towards the down payment of a new property?
Thank you
Hi,
I was wondering if anyone knew or had ever done this before…can a Home Equity Line of Credit (HELOC) on a primary residence be used towards the down payment of a new property?
Thank you
“Yes. Investors do this all of the time.” - my Dad
thanks!
I will pass the thanks along!
He also added:
“There may some lenders that say you can’t use the money for that. But most of them treat it like any other credit line – you can use it for whatever.”
Now, go get your money! ;D
Yes.