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Updated about 6 years ago,
Using a heloc for downpayment
Hey guys,
Im a real estate investor with a few buy and hold in Connecticut. Currently I’m thinking about using a Heloc as a down payment for my next property.
I have two questions:
1. Creating a line of credit will affect my DTI before I purchase the property?
2. Recommendations on how and which banks should I be using for a HELOC.
Thank you,