Banks that offer HELOC as a purchase

[Luis Crespo]

Does anyone have a list of banks that offer a HELOC as a first lien mortgage for purchase? This strategy is all over the Internet and allows you to pay your home off in 5-7 years if done correctly. I called around but have not found any bank that offers a HELOC for a purchase. Anyone know of any?

[Luis Crespo]

@Amanda G. Thanks for your response. What I am referring to is buying a home with a HELOC. Look up “ Replace your Mortgage” on YouTube. It is strategy used to pay your home off in 5-7 years. Unlike the traditional way of buying a home ( 30 year mortgage) you can purchase it using a HELOC. Sounds crazy but there are banks out there offering this. The problem is finding out the ones that do. It is called a first lien HELOC as a purchase. Trust me I know it sounds like it can’t be done but it does exist.