If you have 2 houses, cam you do a HELOC

2 Replies

Lets say you have 2 houses. 1 house has 8k in back payments. The other isnt behind on payments and it has 50k in equity. So my question is.. Can you do a home equity line of credit on the property with 50k equity to pay off the back payments of the house ?

@Fili Aguirre if your credit is good enough, maybe. I would go into a few banks, or lending tree is pretty fast. Honestly tho if your that far behind I doubt a bank will loan you more money.