Home number 1: 20% down of my own money..not a refi from a previous property. The 1st 5/1 ARM is a seperate lender from the HELOC. Again, both loans are towards purchase of this home.
The HELOC was replaced with another HELOC but minus so and so dollars to acquire home no.2, ….no money was borrowed from the 1st existing HELOC.
As for home no. 2, yes both the neg AM and HELOC are of original purchase loan and both w/ the same lender.
