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Updated about 6 years ago on . Most recent reply

Maurice Lucas Jr's profile image
Maurice Lucas Jr's profile image
Maurice Lucas Jr
  • Lender
  • from Detroit, MI
  • Member since Jul 13, 2017
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Maurice Lucas Jr's profile image
Maurice Lucas Jr's profile image
Maurice Lucas Jr
  • Lender
  • from Detroit, MI
  • Member since Jul 13, 2017
Connect
Maurice Lucas Jr
  • Lender
  • Detroit, MI
4
Votes |
15
Posts
Mortgage Brokers & Lenders

Familiar with delayed financing?

Maurice Lucas Jr
  • Lender
  • Detroit, MI
Posted

I'm interested in utilizing a HELOC to purchase an investment property. Once acquired, I'd like to take a mortgage out on the new property using delayed financing. What lenders offer this type of financing? Will the HELOC cause eligibility issues? What do the interest rates and terms look like? Any insight or recommendations would be great! Thanks.

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