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Updated almost 7 years ago,

User Stats

207
Posts
201
Votes
Eric C.
  • Investor
  • Grand Junction, CO
201
Votes |
207
Posts

Possible to get HELOC at purchase

Eric C.
  • Investor
  • Grand Junction, CO
Posted

I am looking at buying a property with my long term girlfriend. We will be doing conventional financing with 20% down (me providing the down payment. Is it possible to do the purchase with a 50% first position loan, and a 30% HELOC right from the start. I have the cash to be able to pay it off and then use it when needed for the next investment.

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