but for someone with 80/20 non-recourse purchase money it may make sense.
I’ve heard that if you’ve tapped an HELOC the non-recourse protections of your original purchase are voided.
Anybody know for sure?
For a second thought, yep, many are going to game the system, many will try. I wonder how many will discover their loan broker pulled shenanigans of their own now making them look like fraudsters complimented by the gray nature of their screw the banks move to a new home.
