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Updated about 2 months ago on . Most recent reply
Seeking Advice on HELOC’s
Hey everyone. Looking at an upcoming partnership in 2025 and looking to tap into some of my primary homes equity to assist with the down payment. What should I expect for an interest rate on this loan? If I were to sell my house I believe I would pocket around $130k. What does that look like on a HELOC? Any suggestions or advise on HELOC's are greatly appreciated as well. Thanks!
Most Popular Reply
Nicholas L.
#3 Starting Out Contributor
Pro Member
#3 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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Nicholas L.
#3 Starting Out Contributor
Pro Member
#3 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
if you use a HELOC for the down payment + financing for the rest that is VERY expensive borrowing. it doesn't make sense unless it's some kind of short term thing like a BRRRR - is that what you're looking at?