Private Lending & Conventional Mortgage Advice

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Harman N.
  • Rental Property Investor
  • San Francisco, CA
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125
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Cash-Out Refi & HELOC on the Same Property (does order matter?)

Harman N.
  • Rental Property Investor
  • San Francisco, CA
Posted Aug 3 2019, 07:42

Hi all,

When taking out a cash-out refi and HELOC on the same property, does the order in which you take them out matter? I'd like to get a cash-out refi on my primary residence given mortgage rates continue to be low, and a 90 LTV HELOC on the same property to be able to use as-needed for investments. I assume since the HELOC is in 2nd lien position it would be better to get the cash-out refi first since that would affect the LTV calculations for the HELOC. Otherwise it might cause some headaches with the HELOC lender..

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