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Updated almost 9 years ago on . Most recent reply

Can I get a HELOC if I just purchased thru seller financing?
Hello BP! So I just purchased a SFR on a seller finance. Escrow closed with no problems and I now hold title. My question was if I could attain an equity line on the newly purchased property if I have no equity in it yet since I did a 3 year interest only with a ballon payment on the backend with no money down. Any help or advice is greatly appreciated. Thanks in advance!!