Posted by Patrick S. Lawson on November 17, 2005 at 07:38:40:
What you may want to consider is a high CLTV 2nd on your personal residence instead of two HELOCS. Lets say that you could go to 100% CLTV on both properties. You would have an available credit line of aprox. 68K. On the other hand you could cash out your primary residence to 115% CLTV and have an available line of aprox 64K. Your closing costs would be lower and your rate would be lower than the blended rate if you had two transactions.