Heloc on new primary

1 Reply

I have a HELOC on primary residence. Its been great using it for buy and holds. We have since bought and moved into a different primary residence making my first primary a rental.

Question is.. can i get another HELOC on the new primary while still having a current HELOC on the old primary home? We are about 2 years into the first HELOC.

Hi David, if your bank will give you a HELOC on the new primary home, then I don't see a reason why you can't get it. If it's the same bank, they may require you to close the first HELOC out though. I guess it can't hurt to ask them!