Another way to put it is that I am wondering if I have more negotiating power dealing with the two loans separately. Kind of like how you can generally do better buying a car when you don’t include the trade in as part of the transaction. Shop the HELOC and Mortgage separately. Any opinions?

I guess my concern is that if I don’t get the HELOC first, that when I go to a lender, they may shy away of lending out more than 80% of the value of the new investment property. I guess I should remember that the HELOC is secured by my current home, so perhaps that is not an issue. But would it be simpler to negotiate the terms of the mortgage…[Read more]