Using a HELOC for financing

[Mat Poole]

I have some equity in my current residence that I'd like to use as a down payment on a long term rental. Would the average lender be against using a HELOC to do this? How would it affect my debt to income?

[Cody Barna]

@Mat Poole I doubt a lender would have an issue with using a HELOC to fund an investment property, as long as you have enough equity in your PR.