Help Understanding Legalities of a Home Equity Line of Credit

C

Cavemanhead

Guest
I currently have a HELC out on my current dwelling that I'm planning to sell soon... Can I keep the current HELC open after I close on the house?

What about if I don't sell, but keep the property to lease out?
 
If the HELC is secured on the house then it must be closed when the house is sold. If you lease it out the terms of the mortgage will dictate if you can keep the facility. Is the house in Ireland?

Sarah

www.rea.ie
 
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