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All Forum Posts by: Nat Tata

Nat Tata has started 1 posts and replied 2 times.

Creative Real Estate Financing

Post: Getting a Heloc and a mortgage at the same time

Nat TataPosted
  • Brooklyn, NY
  • Posts 2
  • Votes 0

Thank you

0 Votes
Creative Real Estate Financing

Post: Getting a Heloc and a mortgage at the same time

Nat TataPosted
  • Brooklyn, NY
  • Posts 2
  • Votes 0

I am trying to buy a property and get a mortgage on it and at the same time I want to take out a HELOC on my other property. These two will be at different banks, but my concern is that the banks might not approve either one of them if I do it at the same time. Should I try to get a morgage first and then go for a HELOC? Banks tell you not to open any lines of credit while the mortgage is being processed because they might not approve it. Please help; thank you.

0 Votes