All Forum Posts by: Cynthia Andersen

@Shiloh Lundahl- thank you so much!  I think the confusion came into play because it isn't a refy, its for a new home purchase.  When contacting a few banks, they were confused if that was even possible.  Thank you so much!  Looking forward to meeting you on Wednesday!

@Ana Marie B.- thank you for the kind words and support!

Yes, you understood what I was trying to say.  Apparently most Arizona Banks do not offer HELOCS to be in the first lien position.

Thanks!

Hi all!

I'm super new, so please forgive my ignorance.  :)

I'm looking to purchase a home (as my primary residence) using a HELOC in the 1st lien position (so I can draw off the equity as I pay it off), however I am finding it difficult to find banks in Arizona that offer this. There is a company that offers to sell this list of banks along with support and coaching for $2,500. I'm not sure I need to spend this much to accomplish this. I'm using the handy questionnaire that some else posted to ask banks, however I've call about a dozen with no luck. I would love any assistance with this.

THANKS in advance!

Cynthia