Send to a Friend

nmguy's avatar

Is taking out a HELOC a good idea?

Asked by nmguy (528 points ) 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.

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.