Refi, Heloc and another mortgage- Newbie

[Susan Mancheril]

Hi,

I am seeking advice in terms of when to apply for Refi, Heloc and another mortgage. I currently have a place that I purchase many years back using FHA and recently just moved out of and renting. I am planning on refinancing this mortgage from FHA to conventional loan, and then getting a HELOC from this to use as a downpayment for a home that I plan to purchase as primary owner occupied next year through a FHA mortgage.

Can you please provide comments on if this is a good idea in terms of how I am thinking about it, and if I should do all of these around the same time to avoid a ton of credit pulls or to if it would be better to do them different times apart and how long apart.

Thank you.