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Updated about 3 years ago,

Mike Schorah's profile image
Mike Schorah's profile image
Mike Schorah
  • Rental Property Investor
  • Member since Jul 7, 2021
Connect

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Mike Schorah's profile image
Mike Schorah's profile image
Mike Schorah
  • Rental Property Investor
  • Member since Jul 7, 2021
Connect
Mike Schorah
  • Rental Property Investor
187
Votes |
415
Posts
Private Lending & Conventional Mortgage Advice

Are HELOCs interest-only? Sell house & move to Florida in 5yrs?

Mike Schorah
  • Rental Property Investor
Posted

Are HELOCs interest-only? So if I take one out, do I pay interest-only for a significant timeframe before I start paying principal?

What if I want to sell my primary residence (what I plan to take the HELOC out on) and move to Florida 5 years from now?

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