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Updated over 2 years ago, 07/06/2022

Josh Mills's profile image
Josh Mills's profile image
Josh Mills
  • Member since Jul 5, 2022
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Josh Mills's profile image
Josh Mills's profile image
Josh Mills
  • Member since Jul 5, 2022
Connect
Josh Mills
3
Votes |
6
Posts
Creative Real Estate Financing

Please Explain a HELOAN?

Josh Mills
Posted

Hi all! I was reading through some of the lending pages and came across a HELOAN. How does this work? Is it a second loan on the property, meaning do I keep my current mortgage and rate the same while taking on an additional loan on the property? Trying to see if this is another way to pull cash out and keep my low rate on my regular mortgage. 

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