Updated almost 4 years ago on . Most recent reply
Security back line of credit for down payment?
Why are security backed lines of credit / pledged asset lines of credit , not spoken more about for investors to use as a down payment for investment homes ?
What are the pros / cons of using credit line??
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Basically what you are talking about is a HELOC or a Commercial line of credit. HELOC's are used all the time for down payments, closing costs and even rehab funds. Commercial lines of credit aren't used as much, but can serve the same function.