effenheimer_IHB
New member
<p>Are there really lenders who will do HELOC's at 125% LTV?</p>
<p>Let's see, I use an zero down neg-am on the biggest house I can get (I'd use a stated for this), take out a 125% LTV HELOC, bury the cash in a coffee can in the backyard, default when the reset hits, live for free for six months, rent and pay cash for everything while my credit heals itself.</p>
<p>That's it, I'm taking my blog down and buying a house.</p>
<p>Let's see, I use an zero down neg-am on the biggest house I can get (I'd use a stated for this), take out a 125% LTV HELOC, bury the cash in a coffee can in the backyard, default when the reset hits, live for free for six months, rent and pay cash for everything while my credit heals itself.</p>
<p>That's it, I'm taking my blog down and buying a house.</p>