We just purchased our home with cash. We would like a HELOC to complete landscaping, buy furniture. Is this possible

Absolutely.. You can do a First Position HELOC... Most of your local mortgage brokers will be a good source to find such a product.. Click on the "Find a Lender" tab above, and type in your zip code.. if you get little or no results, try Google. Type in "Mortgage Broker (Zip code)"... you will get a list of local brokers.. it's best to use a broker rather than a bank.. Since most banks have one set of rules, if there is something out of the ordinary about your scenario, they will most likely turn you down since their guidelines have little to no flexibility.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You should be able to secure a Home Equity Line of Credit (HELOC). Most banks will want you to be in the home for at least 6 months, but I would check the local banks in your area to make sure.

It is possible to do that...most lenders are going to require you to have been in the home for at least 6 months though, refered to as "title seasoning" as well as you being able to qualify for the loan with good enough credit etc etc. A HELOC is going to have a 10 year term on it, do you really want to pay for furniture and landscaping for 10 years?

Yes, this is possible. Work with a local community bank. I do not recommend using a CU for a real estate transaction because most of them now include a "Cross-Collateral Clause" in their documents. This means that you are using the collateral you are pledging for one loan as security for all of the other credit you have with them. To understand this, read my blog post which can be found here: http://www.lender411.com/mortgage-articles/4314/dont-borrow-where-you-bank/ ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

Indeed you can do this!

Should not be a problem as loan as your credit is up to par.

Sure, also suggest checking with local credit unions. The are often very competive.

Yes it is!

Yes it is possible. I agree with Phil..check with the local banks for HELOCs, not too many brokers offer these anymore.