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Updated over 6 years ago,

User Stats

58
Posts
27
Votes
Ashton Sharp
  • Rental Property Investor
  • Bakersfield, CA
27
Votes |
58
Posts

Does a HELOC required monthly payment apply without a balance?

Ashton Sharp
  • Rental Property Investor
  • Bakersfield, CA
Posted
Im considering getting a HELOC on my primary residence. I owe $116,000 and my home is worth about $185,000. Im looking at about 40k on a HELOC and im wondering if I have too pay the monthly even if I havent used the HELOC. Anyone have any experience with this?

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