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Updated almost 6 years ago,
Income verification after HELOC approval
Hi BPers! I'm interested in getting a HELOC to buy another property around Seattle. I know that I need to look around for banks / credit unions that offer this type of HELOC, but I'm concerned about income verification since I want to leave my job / switch jobs this year. After getting approved for a HELOC and finishing the income verification, will the bank/CU need to check my income later down the road? Do they verify income randomly during the life of the HELOC?