Updated over 7 years ago on . Most recent reply
HELOC affect commercial mortgage?
Currently in the process of getting a commercial mortgage for a big multi unit property. I’ve had another solid deal come across my plate but it is all cash. I have about $100k in equity in my house. If I were to establish a HELOC right now, would that affect me getting the commercial mortgage? The commercial one is under my LLC I started but they are using my personal income and assets to evaluate as this is the first property for the LLC.