Can I refinance after pulling equity

[Kevin Franklin]

I'm interested in taking out a home equity loan to invest in a property as a private lender. However, I am also about to start the the refi process on my house but don't want to miss this grand opportunity. Will the home equity loan act as a lien, preventing me from doing the refi? I know the lender would be my best bet for this question but wanted to hear thoughts from the crowd. Thanks in advance!

[Brian G.]

@Kevin Franklin not likely at all to have both loans (refi & HEL) process successfully simultaneously though you can talk to the lender/s. You will likely need to focus on one at a time. And yes both a HEL and HELOC are asset backed loans and will create an additional lien on the property.