Quote:
Originally Posted by bimmer456
There will be a hard inquiry which will lower your score with each heloc. I'm getting my heloc refied because the adjustable rate went up so there was a hard inquiry. If you're using loans to buy the properties you could do a cash out finance to avoid opening another loan.
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True... i could do a cashout refi. However, my first mortgages are all currently at 3.5% rate..which i dont want to loses. And im only using the helocs temporarily to flip houses... 3-4 mos tops at a time.