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Updated almost 6 years ago,

Vinay Kolluru's profile image
Vinay Kolluru's profile image
Vinay Kolluru
  • Investor
  • from Cary, NC
  • Member since Jul 10, 2017
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User Stats

78
Posts
89
Votes
Vinay Kolluru's profile image
Vinay Kolluru's profile image
Vinay Kolluru
  • Investor
  • from Cary, NC
  • Member since Jul 10, 2017
Connect
Vinay Kolluru
  • Investor
  • Cary, NC
89
Votes |
78
Posts
Private Lending & Conventional Mortgage Advice

Cash out refi allowed on a house that already has a HELOC?

Vinay Kolluru
  • Investor
  • Cary, NC
Posted

If I have a house that is paid off and has a HELOC on it, would I be allowed to do a cash out refinance on that same house?

Since there is no primary mortgage, I think the HELOC would be in 1st lien postion and the new cash out refinance would be in 2nd lien position.

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