Real estate blog entries tagged with line of credit by Rob Spinosa, Mortgage Loan Originator, Marin County (US Bank)

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line of credit: Should I Get a HELOC? - 07/01/19 07:50 AM

Should I Get a HELOC?

Thankfully, many of our clients are happy with their mortgages. The interest rate, the terms, the peace of mind --- all are satisfactory and there's no motivation to change or refinance. But what happens if there's a need to use the equity in the home to finance a remodeling project, a large purchase or to just have a "safety net?" A home equity line of credit or "HELOC" can be used to meet these purposes, but should you get a HELOC and, if so, how do they work?

What Is a HELOC?
A home equity line of credit, or … (11 comments)

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