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Updated 16 days ago,

User Stats

43
Posts
10
Votes
Ralph Ace
  • Real Estate Agent
  • Chicago, IL
10
Votes |
43
Posts

Down payment with Heloc

Ralph Ace
  • Real Estate Agent
  • Chicago, IL
Posted

I want to purchase an investment condo for $150,000.

I want to get Heloc loan from my other investment condo for $50,000 and use it as downtown payment for this condo.

Can I get a 30 year fixed conventional loan for $100,000 and use $50,000 for down payment from heloc?

I also want to combine it to one $150k  30 year fixed loan instead of having two separate  $100k and $50k loans 

what options do I have can anyone help.

I don't want to use my own money.

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