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Updated over 5 years ago on . Most recent reply

HELOC and Loan From Same Bank
Has anyone gone through the same bank as their HELOC to get a loan to buy a property? Say I have a $50,000 HELOC and want to use that as a down payment. Essentially the bank is funding itself to get into the loan. It doesn't seem like they would go for it, but does anyone have experience with it?
Thanks,
Jeff