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HELOC means Home Equity Line of Credit. That means it is not a loan that has a set repayment schedule. It's more like a credit card account...

...can be done two ways. First they can subordinate the second ( heloc ) loan in favor of the new first mortgage by a subordination agreement. Secondly...

... is very rare to come out ahead trying to take out an additional loan and then use the funds to pay a loan . However, banks know what...

A HELOC is a home equity line of credit. A home equity line...variable index. This makes it almost certain that a HELOC 's rate will adjust on occasion. Hope this helps...

...you that, assuming that you used only the HELOC proceeds to pay cash and used no other monies, that there is no way you will get a loan for the full amount. Probably no more than 70...

..., when I read that in mine). A HELOC is secured by your home, so it ... home. And even then, it is a recourse loan , so the only way you would get out of any foreclosure deficiency...

.... Talk with an attorney to verify it. In general, the HELOC is not a purchase money loan (The exception is if every dollar you've borrowed was...

When you get a HELOC you are using the entire property as collateral for the loan . Many institutions don't care what you do with the money. ...