Updated about 7 years ago on . Most recent reply

HELOC and a 2nd mortgage ?
I own a house outright which is valued at $100-120k . What would be the maximum HELOC I could receive?
If I used the HELOC money as a down payment on an investment property would I still be able to get a loan to mortgage the rest of my payments?
I’m trying to find the easiest way to use none of my money to purchase a rental property (mumti family) valued between $300-400k that I plan on living in and also keeping what is currently my primary residence.