[Lei Qu]

Lei Qu

Thank you! This was very helpful 🙂

[Lei Qu]

Lei Qu

Hey Jackie,

Thanks so much for your help and responding!

From my understanding then it seems like a HELOC is like a lien on the house. Would this be any different if the house was paid off but there was a 15K HELOC on it? In that instance, could we pay the 15K HELOC off and this be considered the down payment for the house?

Thanks again,
-Lei