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HELOC After Perm. Financing Question...

kdub1777 profile photo
  • Saturday, April 11, 2009 @ 04:06 AM EDT
  • 3 Comments
How long do they require you to wait, after rolling over a construction loan to permanent financing, before getting a HELOC on the property??

Or is there a time limit?

Thank you
  • (3) Comments
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  • cjmazur
    cjmazur10th April, 2009
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    Reply

    I would guess that to be a bank by bank issue. The CU I use had not restriction.

  • kdub1777
    kdub177710th April, 2009
    0
    Reply

    How are the banks handling HELOCs right now? Are they getting harder and harder to get?

  • bargain76
    bargain7611th April, 2009
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    Reply

    As long as the asset (real estate) used as collateral continues to drop in value....Lenders are going to be very conservative when appraising and lending on HELOCS.


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