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Updated about 8 years ago on . Most recent reply

Tim S.'s profile image
Tim S.'s profile image
Tim S.
  • from Northeast, Wisconsin
  • Member since Jan 1, 2016
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Tim S.'s profile image
Tim S.'s profile image
Tim S.
  • from Northeast, Wisconsin
  • Member since Jan 1, 2016
Connect
Tim S.
  • Northeast, WI
13
Votes |
44
Posts
Buying & Selling Real Estate

Question about HELOC

Tim S.
  • Northeast, WI
Posted
I want to use a HELOC to fund my next SFH purchase. I have never used a HELOC before. Does it matter to the bank what the money is used for? The house I would like to purchase is distressed. I doubt they would give me a conventional loan based on the home inspection but do they require an inspection for a HELOC?
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