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Updated 4 months ago,

User Stats

17
Posts
6
Votes
Mike Arias
6
Votes |
17
Posts

Status of HELOC on Primary when Converting to Rental

Mike Arias
Posted

Hello, if I have a HELOC on a primary home and I move out to convert the house into a rental property, do credit unions/bank typically have an issue with that? I know they do not like to give HELOC on investment properties. In this case, everything was done when the house was a primary.

I know the other option is not to tell them but I would need to do an address change which may flag this.

Thanks in advance!

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