Should You Use a HELOC For Major Emergency Expenses?

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Should You Use a HELOC For Major Emergency Expenses?

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Комментарии
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The collateral for your HELOC is your house. Don't pay and they can forclose. Just understand that risk!

brains
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I NEVER DID ANYTHING TO MY MORTGAGE EXCEPT PAY IT OFF

enigmathegrayman
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Great episode. I have a personal loc (that costs me nothing) as a back up to my emergency fund. I don’t think it’s crazy 🤷‍♂️ better to have it and not need it… it is variable interest nearing 10% now though so I probably wouldn’t use it even if I needed to lol

curtis
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Mutual of Omaha is federally insured. So no worries about loss of your line of credit. Had some family friends get a reverse and it was the best thing they could have done.