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Private Lending & Conventional Mortgage Advice

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Logan Jones
  • Investor
  • Tallahassee, FL
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21
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Home equity lines of credit

Logan Jones
  • Investor
  • Tallahassee, FL
Posted Nov 30 2016, 15:23

Does anyone know, or have any experience with obtaining a HELOC on a primary residence and then moving shortly afterward? The Credit Unions I have spoke with offer lines of credit for primary residences only. What would happen if I obtained a HELOC on my primary residence and then moved a year later into a new place? Would they freeze my line?

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