Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated about 3 years ago on . Most recent reply
Using HELOC without affecting Credit score
I am applying for a HELOC and wanted to find out what is the effecting way to use the HELOC without affecting the credit score. My plan is to buyout investment properties with the cash from HELOC. The concern is, once I draw money from HELOC my credit score would be affected immediately and later when I approach a bank for a loan to pay off my HELOC I might get rejected because of low score.
Wanted to find out from experts what is the effective strategy to use HELOC without affecting your credit score when to go back to bank for a loan.