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Updated almost 6 years ago,

Matthew Maraziti's profile image
Matthew Maraziti's profile image
Matthew Maraziti
  • Member since Feb 23, 2019
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Matthew Maraziti's profile image
Matthew Maraziti's profile image
Matthew Maraziti
  • Member since Feb 23, 2019
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Matthew Maraziti
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Private Lending & Conventional Mortgage Advice

HELOC Delayed financing primary

Matthew Maraziti
Posted

I purchased a duplex 9 months ago that I live in and is considered my primary residence. I would like to apply for a HELOC for home renovations. BOFA is offering great terms since I am a "preferred customer", but they will not accept an application to pull against my homes full appraised value until I am there for at least 1 year. Is this the case for all lending institutions?

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