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Updated almost 7 years ago on . Most recent reply

YiBing T.'s profile image
YiBing T.'s profile image
YiBing T.
  • Rental Property Investor
  • from Gaithersburg, MD
  • Member since Oct 22, 2014
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YiBing T.'s profile image
YiBing T.'s profile image
YiBing T.
  • Rental Property Investor
  • from Gaithersburg, MD
  • Member since Oct 22, 2014
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YiBing T.
  • Rental Property Investor
  • Gaithersburg, MD
22
Votes |
82
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Creative Real Estate Financing

HELOC to pay for mortgage

YiBing T.
  • Rental Property Investor
  • Gaithersburg, MD
Posted
Hello, I have been interested in the concept of using HELOC to pay off mortgage and other ACH PAYMENTS. I would like to check in with Maryland real estate investors to see if anyone had success with local banks in the area. I have been able to obtain a HELOC with Sandy Spring bank, but then learned that I can't use it like a checking accounts.
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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
Replied

Just make extra payments on your mtg with the same Extra money you would pay back your heloc with.

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