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Updated 4 months ago,
Do HELOCs make any sense right now?
I have a good bit of equity within my home (~450k). I am considering getting a HELOC to pull 75-100k for a 25% downpayment on a rental property. Awaiting an answer from my banker on what their current rate is on a HELOC (smaller local bank that tends to be investor friendly).. curious what thoughts are on HELOCs in general right now for such things?