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Updated over 3 years ago on . Most recent reply

Sean Harris's profile image
Sean Harris's profile image
Sean Harris
  • New to Real Estate
  • from Atascadero, CA
  • Member since Jul 29, 2016
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User Stats

90
Posts
13
Votes
Sean Harris's profile image
Sean Harris's profile image
Sean Harris
  • New to Real Estate
  • from Atascadero, CA
  • Member since Jul 29, 2016
Connect
Sean Harris
  • New to Real Estate
  • Atascadero, CA
13
Votes |
90
Posts
Creative Real Estate Financing

Upping your HELOC with funds drawn

Sean Harris
  • New to Real Estate
  • Atascadero, CA
Posted

My wife and I have a HELOC that I will be using to pay for some of the down payment on a house. We got the HELOC about 3 years ago and since then the value of our home has gone up quite a bit. So my question is can I ask the current lender if I can have the house revaluated and get access to more money in the HELOC or will it have to be paid completely down before I attempt this? Thanks

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