Advantages and you may downsides away from applying an effective HELOC so you can a straight down commission Having fun with an excellent HELOC to possess a downpayment on yet another household can be a way to put money into a different assets. Although not, even when an effective HELOC is similar to credit cards, we’re going to constantly advise home owners to make use of them with caution. If you cannot pay off a HELOC, a lender get foreclose…