"Andrew Koenig" wrote in message
news
"paranoid" wrote in message
news:35OXe.7118$nV1.2819@trnddc06...

Get a HELOC on the house, after the refinance, use that for down
payment on a new house, obtain another loan...

When we bought our house, we had to sign a statement that the down payment
was "not borrowed in any way".



Well, my friend owns 4 houses, and he borrowed the money for every one. I
don't think anything becomes an issue until you default on the loan and all
that jazz