I use HELOC to buy the property first, then refi

I have the equity line ready first and tell the seller that I already have the money to buy the property. So it is easier to get the price lowered about 10 to 15% of the asking price (one from 350k to 320k, another from 425k to 370k). Then I will refinance the house with max cashout to pay down the HELOC. Good luck.

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• So you pay cash by HELOC and then refinace? -东南风起- ♂ (92 bytes) () 02/07/2008 postreply 11:44:14

• yes. Seller love to sell the p to you with a lower -pssci- ♂ (210 bytes) () 02/07/2008 postreply 12:09:34

• but you still need to pay the fees when doing refi -东南风起- ♂ (137 bytes) () 02/07/2008 postreply 13:27:05

• Hi： Get back to the real world. Nothing is perfect!!!! -pssci- ♂ (0 bytes) () 02/07/2008 postreply 14:15:36