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Updated over 6 years ago,
Moving out of primary in a few months. Timing of home equity?
I'm planning on moving out of my primary residence in a few months. Is now the time to get a HEL or HELOC since rates are lower than if they are a rental? I don't necessarily need the equity for anything specific for the next year or two. Should I just apply for a HELOC now, and let it simmer? Or figure out ways to get equity out of property later on when i need it.