Refi + HELOC at the same time?

kthnry

I was thinking of doing a cash-out refi to get some home improvement money, but now I'm wondering if I can do a refi and get a HELOC at the same time so I'm not paying interest on money I'm not using. Will lenders do that? 


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Sweetsnuggles

TD Bank did not let us to do both at the same time.  We had to refi and then open the HELOC.


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conandrob240

why not a home equity line of credit?


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Sally


conandrob240 said:

why not a home equity line of credit?

Um - That's what HELOC is.


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yahooyahoo

We refinanced several years ago and got a HELOC at the same time.  The HELOC will depend on how much equity you have in your home.


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