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Updated over 7 years ago,

Jake Recz's profile image
Jake Recz's profile image
Jake Recz
  • from Manville, New Jersey
  • Member since Mar 2, 2015
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User Stats

141
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86
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Jake Recz's profile image
Jake Recz's profile image
Jake Recz
  • from Manville, New Jersey
  • Member since Mar 2, 2015
Connect
Jake Recz
  • Manville, NJ
86
Votes |
141
Posts
Private Lending & Conventional Mortgage Advice

HELOC & flood insurance? Balance is zero, insurance payout?

Jake Recz
  • Manville, NJ
Posted
So I'm getting a HELOC through TD BANK. If the HELOC is for $100k, I keep the balance at $0, and the property floods, would the bank still be the one getting the check? technically I don't owe them any money at that point? your experiences? I'm just trying to navigate through this without getting screwed in the process...
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