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Updated over 2 years ago,
2nd Lien HELOC Question
I am looking to get a 2nd lien HELOC on my current primary residence to leverage the equity to acquire other rental properties. I also plan to move out and STR the primary residence. Has anyone done this before and had to disclose this to the bank the HELOC is with? I don't want it to become an issue after the fact. This may vary based on the lender, but I just wanted to see if someone had any insight. Thanks!