Home Equity Lines of Credit? Things to consider first!

Posted on: Mon, 10/13/2014 - 16:21

femailceo

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Home Equity Lines of Credit? Things to consider first!

http://money.cnn.com/2014/10/07/real_estate/home-equity-loans/index.html

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Posted on: Mon, 10/20/2014 - 03:40 #1

campbellsimon

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Nice reference. I personally

Nice reference. I personally like to note the fact that a cash-out refi sucks out the equity of a property and then takes years and years to make it back and that is not even considering the thousands in fees and closing costs that will need to be paid. HELOCS on the other hand, remove the equity but it is then replaced quite quickly and without ruining all the previous mortgage payments.

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Home Equity Lines of Credit? Things to consider first!

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