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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingUsing HELOC as leverage
Bienes Raices's profile image
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Bienes Raices
  • from Orlando, Florida
  • Member since Jun 12, 2009
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Bienes Raices's profile image
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Bienes Raices
  • from Orlando, Florida
  • Member since Jun 12, 2009
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Bienes Raices
  • Orlando, FL
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Creative Real Estate Financing

Using HELOC as leverage

Bienes Raices
  • Orlando, FL
Posted Sep 19 2011, 15:10

For those of you who use HELOCs for leverage to buy more properties, what reason do you give on the HELOC application? My application asks specifically what home improvements I'm using the HELOC for and asks for written cost estimates (to be attached).

Will they just reject my application if I tell them the truth?

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