How would he not qualify for a heloc if his equity has doubled, assuming his equity is more than the car loan? Banks are a heck of a lot quicker to loan on a house because they KNOW it's not going anywhere. You can't hide it.
And you can pay it over a longer term. But, you still have to have decent credit. They don’t like to lend to someone they don’t think can pay it back. They are going to notice he is behind on the truck don’t you think?
