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Updated 14 days ago,
Use HELOC to buy, then refinance into mortgage?
I'm new to real estate investing and have secured a HELOC on my existing home. I'd like to use this to make an "all-cash" offer on a SFR, and then convert that to a conventional mortgage to pay off the HELOC. Dumb question, but is this called a cash-out refi? Or is there a different term for this?