> For years now homeowners have used HELOCs (Home Equity Line of Credit), to effectively 100% finance an additional home purchase by using the HELOC for the downpayment, and a mortgage for the rest. Banks hate this, but it's legal.
If banks actually hated it, they would simply not write the loan. Why do you think they hate it?
If banks actually hated it, they would simply not write the loan. Why do you think they hate it?