Updated about 3 years ago on . Most recent reply
HELOC and Mortgage at the same time??
Hey everyone! I need some help.
I currently have a HELOC application that is pending and will close in the next few weeks. Well, today my offer was accepted on a property and I am planning on using a conventional mortgage. Am I able to close on both, or will banks require me to finish the entire HELOC process before doing the underwriting and closing on the new mortgage? I have reached out to some lenders today, but none have responded yet.