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Updated over 8 years ago,
Is it possible to get HELOC with no current income.
I recently lost my employment of 14 years and I've decided that this is the time for me to finally follow my passion for real estate full time. I am a novice. I have a 401K that I plan on switching to a Solo 401K. However, I'd also like to tap into the equity in my home. I owe about $155K and I believe the house is worth roughly $340K. My goal is to replace my income as soon as possible as well as invest for retirement. Any advice is greatly appreciated.