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Updated about 2 years ago on . Most recent reply
"Cash only" covers HELOC?
Many sellers ask for "cash only" for their properties. If you have a HELOC that has enough line to cover the price, does that qualify to be a Cash only offer?
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Nathan Gesner
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Quote from @Yash Warke:
Many sellers ask for "cash only" for their properties. If you have a HELOC that has enough line to cover the price, does that qualify to be a Cash only offer?
A line of credit enables you to write a check. It's the same as paying with actual bills and coins, a money order, or a cashiers check. It is considered cash.
- Nathan Gesner
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