Updated over 8 years ago on . Most recent reply
Proof of funds from a HELOC
We recently pulled a HELOC on our primary residence to use towards either a down payment and/or outright purchasing properties. As we are exploring properties, we are asked for proof of funds. When I asked our banker (who did the HELOC) for proof of funds on the HELOC, he said all he could do is "send an email to them saying you pulled a HELOC." Ha! We also sent one agent a copy of our "congratulations on your $xxx HELOC" letter. That didn't cut it either.
So...back to square one on the POF. Any ideas of how to show POF from a HELOC?