Questions tagged [heloc]
a type of home equity loan where the borrower is given a line of credit. They do not have to start out borrowing the full amount.
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Should I pay off HELOC or save?
I've heard the principle of "Pay yourself first", implying that saving some money each month should be a priority. However, I've also heard that being debt free is important, and it would be good not ...
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HELOC with no first mortgage (for liquidity--no plans to spend it)
For a home-owner with no debts, a good salary, credit score, etc.:
What terms would be optimal for future liquidity when obtaining a home equity line of credit (HELOC)?
The point is to obtain ...
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Should I pay off investment property mortgage
Just a little financial puzzle.
Inputs:
An investment mortgage with 5.5% interest rate, 100K balance and 20 years left.
Saving account with 100K in the saving account at 0.5%
HELOC without any ...
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Use retirement to pay off debt: Should I cash in RRSP to repay Line of Credit?
The amount I have in RRSP savings is exactly equal to the amount I have in Home Equity Line of Credit debt (significant, but aside from home mortgage, my family has no other debt).
I know if I ...
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Is there a downside to doing a cash out refinance followed immediately by a rate and term refinance?
I want to do a cash out refinance on my primary residence to pay off a HELOC, and to put more money into an investment property.
Cash out refinances have higher rates than rate and term refinances. Is ...
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