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Updated about 1 year ago on . Most recent reply

Everett Morris's profile image
Everett Morris's profile image
Everett Morris
  • Homeowner
  • from Brandon, MS
  • Member since Dec 16, 2016
  • Posts 50
  • Votes 15
  • Experience 4 Yrs
  • Investments 1
Connect

User Stats

50
Posts
15
Votes
Everett Morris's profile image
Everett Morris's profile image
Everett Morris
  • Homeowner
  • from Brandon, MS
  • Member since Dec 16, 2016
  • Posts 50
  • Votes 15
  • Experience 4 Yrs
  • Investments 1
Connect
Everett Morris
  • Homeowner
  • Brandon, MS
15
Votes |
50
Posts
Creative Real Estate Financing

HELOC Acceptance Advice

Everett Morris
  • Homeowner
  • Brandon, MS
Posted

I recently went through the process of getting a HELOC to use for downpayments on seller financing deals. After everything was said and done, I was only given 11K for a 10-year draw period at 9.1 percent. I was disappointed to see such a low amount. I was debating on keeping it and using it for emergency capital or not taking it. Should I move forward with closing or hold off?

  • Everett Morris
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