Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

315
Posts
145
Votes
Huong Luu
  • Specialist
  • Vancouver, BC
145
Votes |
315
Posts

What happens to HELOC when you use Section 85

Huong Luu
  • Specialist
  • Vancouver, BC
Posted

Can someone who has experience or knowledge of Section 85 give insight to the effect of the heloc segment? If my existing mortgage has a heloc segment and the property is under my personal name, when I move the property to a corp under Section 85, will the bank (in this case, it is an A lender) still give me an heloc, or will that be moved into a 'new' mortgage segment under the corp or will I have to pay it off. Thanks in advance.   

Loading replies...