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Updated over 4 years ago, 09/02/2020

User Stats

163
Posts
28
Votes
Dale Miller
  • Realtor
  • Tonawanda, NY
28
Votes |
163
Posts

Is a HELOC a good choice in todays....

Dale Miller
  • Realtor
  • Tonawanda, NY
Posted

Is a HELOC a good choice in today's market with such few supply and greater demand.

the buyers with cash offers are usually the winning bids

Would probably give you a quicker transaction and more leverage when negotiating 

The money is available only when you need it.

It has great flexibility and light fees but can only do 20 year which makes payments higher and your cash flow per unit way lower. 

What are some opinions on using HELOC in Fall/Winter 2020?

What are the reasons over conventional loan?

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