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So, I was about to do a HELOC and Refi with my Companies Credit Union, but there are stipulations on what the HELOC can be used for, I was told, "you cant use the HELOC to buy a business or another home." Can anyone suggest where I should look for a HELOC that will allow me to use the funds to purchase another home? Not sure if it matters, but I live in Washington State. Any suggestions would be much appreciated!
Hello, BiggerPockets, My name is Devin Cutler, and I live south of Seattle in Des Moines, WA. My wife and I have been House Hacking since 2019, and in 2020 we had planned on purchasing another House Hack. Due to Covid, I was Furloughed from my job as a Security Manager for a Major Hotel Corporation. Thankfully the rooms I have rented have been paying the mortgage. So we have not been hurting as badly as some others.
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
