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Updated about 2 years ago,

User Stats

118
Posts
117
Votes
Sabrina Sanchez
  • Real Estate Agent
  • Lowell, Ma
117
Votes |
118
Posts

Heloc as a Downpayment

Sabrina Sanchez
  • Real Estate Agent
  • Lowell, Ma
Posted

Hello BP community!

We have been getting several clients that want to use helocs as a down payment for their next purchase. In some situations I think it can work and in some other situations I think it can be risky. Does anyone have specific experience with using helocs for a downpayment? Does anyone strongly vote against it?

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