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Getting a loan while another is closing

Hey there, I have a HELOC currently in the underwriting stage post appraisal and am also hunting for property. I have the down payment ready and was wondering if while the HELOC hasn’t closed yet I can get prequalified and potentially start the mortgage process for a property I want to purchase without affecting the HELOC underwriting. Is this possible or will the mortgage force me to restart the heloc process?

submitted by /u/straberimilk
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source https://www.reddit.com/r/RealEstate/comments/pf6m9s/getting_a_loan_while_another_is_closing/
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