Updated almost 5 years ago on . Most recent reply

HELOC for rental property
We're looking to put an offer on our first investment property today and having issues pulling out a HELOC for the purpose of using it towards an investment property. It seems was if once they find out its for a rental property there is a hard stop. Do I just need to tell them its for something else? How can a bank track what I use my money for?
Thanks!