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Updated over 2 years ago,

David Zimmer's profile image
David Zimmer's profile image
David Zimmer
  • from Tallahassee, Florida
  • Member since Jan 27, 2017
Connect

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44
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8
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David Zimmer's profile image
David Zimmer's profile image
David Zimmer
  • from Tallahassee, Florida
  • Member since Jan 27, 2017
Connect
David Zimmer
  • Tallahassee, FL
8
Votes |
44
Posts
Private Lending & Conventional Mortgage Advice

HELOC question - notify bank before using it for investment?

David Zimmer
  • Tallahassee, FL
Posted

I recently closed on a HELOC and noticed verbiage in the contract that I was required to notify the bank if I plan to use the money for investment, rather than for personal use. Is this common? I assumed the money was mine to invest or use for personal use.

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