HELOC-Impacts on New Home Purchase

[Anthony Parsons]

Hello. I am in the process of securing a HELOC and renting my current home out. I will be purchasing a second property within the next 3-4 years.

How do HELOC's impact the purchasing power of a new home? I imagine monthly DTI, but given there is a draw period and a repayment period, I am curious if the DTI is based on the draw period, repayment period-or possibly even on the entire amount available?

Additionally, does anyone have any suggestions for Banks that allow primary mortgage refinances while under a HELOC? As I mentioned I will be buying a home in 3-4 years and should I need to convert my VA mortgage to a conventional am wondering which Bank/HELOC I should go with upfront to avoid these issues.

Thank you.