Updated over 4 years ago on . Most recent reply
Beginner heloc question
Hello everyone. I have a question about helocs that I'm having a tough time understanding/finding info on. So if you get a heloc on property A to pay for a down payment on property B and then you sell property A and the heloc isn't paid off yet what happens? Do you have to basically accept at this point that portions or all of the money you make on that sale goes to pay off the heloc? I have had a difficult time finding info specifically on this. Any help on this would be greatly appreciated. Thank you all.