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Creative Real Estate Financing
HomeForumsCreative Real Estate FinancingDoes having a HELOC affect DTI or Credit?
Daniel DeSurra's profile image
Daniel DeSurra's profile image
Daniel DeSurra
Pro Member
  • Rental Property Investor
  • from Bandon, OR
  • Member since Feb 2, 2019
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Daniel DeSurra's profile image
Daniel DeSurra's profile image
Daniel DeSurra
Pro Member
  • Rental Property Investor
  • from Bandon, OR
  • Member since Feb 2, 2019
Connect
Daniel DeSurra
Pro Member
  • Rental Property Investor
  • Bandon, OR
15
Votes |
28
Posts
Creative Real Estate Financing

Does having a HELOC affect DTI or Credit?

Daniel DeSurra
Pro Member
  • Rental Property Investor
  • Bandon, OR
Posted Mar 20 2019, 18:29

I'm considering pulling out an 80% HELOC on my primary residence to invest using the BRRRR strategy. Would doing so negatively affect my DTI or credit and make it harder to qualify for a conventional loan when refinancing? I currently only have 3 rentals so I'd prefer a conventional loan. I've heard financing gets a little tighter after 3.

Thanks for any advice you might share!

I'm also looking for a recommendation on HELOC lenders.

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