Should You Get a HELOC? Everything You Need to Know to Make an Informed Decision!

[@ericjones3920]

Awesome information. I use an ploc from my credit union to do the same thing. I have a huge amount of equity in my home but, I have never taped into it. Interesting concept.

[@andreavandekleut6379]

i almost have my house paid off (25K) i hesitate to put my house at risk again for a HELOC or cash out refi.BUT i don,t know how to go about buying rentals any other way , that suits me better , I hate to go another mortgage LOAN. for a rental ? what say you>?

[@ReplaceYourUniversity]

There are banks that allow to purchase using a HELOC. Or, you could use the equity in your primary (HELOC) to purchase as well.