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What can helocs be used for?

by wescalafia7923947 from Albuquerque, New Mexico. May 19th 2014 Reply


Steven Ceceri (123LoanYes)
#12 ranked lender in Rhode Island - 723 contributions

Anything you would like to use the funds for.

May 19th 2014
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

Anything at all. I know of no restrictions by lenders except perhaps it be for 'legal' purposes.

May 19th 2014
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

whatever you want.

May 19th 2014
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Gina Bell (GinaBell)
#7 ranked lender in New Mexico - 26 contributions

A funds from a HELOC can be used for whatever you choose to use it for. What is nice about a HELOC is you can draw funds as you need them during the draw period so you only pay back what you use plus interest. Feel free to contact me directly if you have any other questions. My name is Gina Bell. I am a local mortgage broker and would be happy to answer any other questions you might have. I can be reached at 505-323-0724 or via email at gina!@accessfundinginc.com.

May 19th 2014
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