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Updated almost 3 years ago,

Matthew Hunter's profile image
Matthew Hunter's profile image
Matthew Hunter
  • Member since Dec 7, 2018
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Matthew Hunter's profile image
Matthew Hunter's profile image
Matthew Hunter
  • Member since Dec 7, 2018
Connect
Matthew Hunter
0
Votes |
6
Posts
General Real Estate Investing

HELOC: Understanding how it works

Matthew Hunter
Posted

I have an investment property with a balance of $115K but it's zestimate is $180K. Let's assume I can take out a HELOC for $65K. Does the mortgage balance on my home go up to $180K or would the balance on that home stay at $115K with a second loan of $65K?

Atlanta, Georgia
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