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Jeffrey Ward
  • Maryland
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32
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HELOC and Loan From Same Bank

Jeffrey Ward
  • Maryland
Posted Nov 15 2018, 08:32

Has anyone gone through the same bank as their HELOC to get a loan to buy a property? Say I have a $50,000 HELOC and want to use that as a down payment. Essentially the bank is funding itself to get into the loan. It doesn't seem like they would go for it, but does anyone have experience with it?

Thanks,
Jeff

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