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Updated over 10 years ago,
Risks of using a home equity line of credit?
I am considering the use of a home equity line of credit in the future.
I do own a home, but am hesitant to take out an equity line of credit on it because it is our primary residence.
- I do intend to leverage the equity in my investment properties, but I would like to try and keep my primary residence out of the investment business.
Is this a good idea or am I leaving a relatively low risk opportunity on the table?
What are the risks associated with home equity lines of credit?