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Updated over 6 years ago on . Most recent reply

Rodney B Gibson's profile image
Rodney B Gibson's profile image
Rodney B Gibson
  • Rental Property Investor
  • from Gouverneur, NY
  • Member since Oct 9, 2018
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Rodney B Gibson's profile image
Rodney B Gibson's profile image
Rodney B Gibson
  • Rental Property Investor
  • from Gouverneur, NY
  • Member since Oct 9, 2018
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Rodney B Gibson
  • Rental Property Investor
  • Gouverneur, NY
1
Votes |
3
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Commercial Real Estate Investing

Looking to invest using the HELOC. Any advise on this?

Rodney B Gibson
  • Rental Property Investor
  • Gouverneur, NY
Posted
I am new in BP and investing (great to meet you all). I am planning on purchasing a home but using the HELOC process. Anyone used it before? What should I expect? Is it a good idea? Thank you all in advance.
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Brian Ellis's profile image
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Brian Ellis
  • Rental Property Investor
  • from South shore, MA
  • Member since Jan 3, 2017
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Brian Ellis's profile image
Brian Ellis's profile image
Brian Ellis
  • Rental Property Investor
  • from South shore, MA
  • Member since Jan 3, 2017
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Brian Ellis
  • Rental Property Investor
  • South shore, MA
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Brian Ellis
  • Rental Property Investor
  • South shore, MA
Replied
@Aaron Garner yes your credit score would be lowered but chances are if you’re approved for a HELOC to begin with you should have no problem with a refinance.
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