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Is taking out a HELOC a good idea?
Asked by nmguy (528)
July 27th, 2014
I’m in the final stages of applying for a HELOC. I’m doing this in order to cover major, unexpected, future expenses like a new roof, big medical bill, major plumbing repair, etc.
Does anyone have strong feelings about the advantages/disadvantages of HELOCS? I’d be interested in reading them.
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