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Updated over 4 years ago on . Most recent reply

David Barajas's profile image
David Barajas's profile image
David Barajas
  • Accountant
  • from Sacramento, CA
  • Member since Sep 23, 2019
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30
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5
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David Barajas's profile image
David Barajas's profile image
David Barajas
  • Accountant
  • from Sacramento, CA
  • Member since Sep 23, 2019
Connect
David Barajas
  • Accountant
  • Sacramento, CA
5
Votes |
30
Posts
Private Lending & Conventional Mortgage Advice

Pull funds from HELOC due to COVID?

David Barajas
  • Accountant
  • Sacramento, CA
Posted

Hey BP Community,

I've listened to a few podcasts recently and an investor was holding onto cash via pulling funds from his HELOC to his bank account (and eat interest) until COVID passes just in case his HELOC limit was reduced due to COVID environment. Is this being overly cautious or smart?

Thanks!

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