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Updated over 2 years ago on . Most recent reply

Michael Moy's profile image
Michael Moy's profile image
Michael Moy
  • Member since Oct 7, 2018

User Stats

12
Posts
8
Votes
Michael Moy's profile image
Michael Moy's profile image
Michael Moy
  • Member since Oct 7, 2018
Michael Moy
8
Votes |
12
Posts
General Real Estate Investing

Question about using HELOC for down payment

Michael Moy
Posted

Hi! Looking for some advice on using a HELOC that I have for my primary residence to purchase another rental. My question is when do I need to transfer the funds from my HELOC to my bank account during the loan process for a down payment. Should I transfer the funds prior to applying for a loan, or can I wait until closer to closing?

Columbus, Ohio
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