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Updated almost 9 years ago on . Most recent reply

James Wiltz's profile image
James Wiltz's profile image
James Wiltz
  • Rental Property Investor
  • from Nashville, TN
  • Member since Mar 14, 2017

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17
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James Wiltz's profile image
James Wiltz's profile image
James Wiltz
  • Rental Property Investor
  • from Nashville, TN
  • Member since Mar 14, 2017
James Wiltz
  • Rental Property Investor
  • Nashville, TN
0
Votes |
17
Posts
Private Lending & Conventional Mortgage Advice

HELOC Home equity LOC

James Wiltz
  • Rental Property Investor
  • Nashville, TN
Posted

Hello Folks,

If someone buys a home with cash, then completes refurb with cash, will the bank use the newly appraised value (post refurb) as the value for their HELOC? I'm hoping they will NOT use the initial purchase price or the original purchase price + refurb.

Thanks!

James

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