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Updated 12 months ago on . Most recent reply

HELOC on owner financing
BP family,
I just purchased a home through seller financing. I have a great amount of equity in this deal. I want to do a HELOC on this investment property; however I am not sure if this is possible. Has anyone done a HELOC for a home that was owner financed?
Thanks in advance for your replies!
Doug
Most Popular Reply

I wouldn't use the term HELOC. I would say I want a buiness line of credit secured by real estate.