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Updated about 6 years ago,

Justin Simkins's profile image
Justin Simkins's profile image
Justin Simkins
  • Real Estate Agent
  • from Davis, CA
  • Member since Nov 15, 2018
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Justin Simkins's profile image
Justin Simkins's profile image
Justin Simkins
  • Real Estate Agent
  • from Davis, CA
  • Member since Nov 15, 2018
Connect
Justin Simkins
  • Real Estate Agent
  • Davis, CA
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Creative Real Estate Financing

Do you have to pay monthly payments on a HELOC?

Justin Simkins
  • Real Estate Agent
  • Davis, CA
Posted
Hey All! Newer to the RE investment world and I was curious how a HELOC works as far as repayment is concerned. I know they’re simply a line of credit structured around your current equity in a property, so do you just make payments on the balance that you carry monthly, plus interest (similar to a credit card)? Thanks! Justin
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