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Updated about 2 years ago on . Most recent reply

Alex Von Maltzahn's profile image
Alex Von Maltzahn's profile image
Alex Von Maltzahn
  • Member since Jul 21, 2015
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Alex Von Maltzahn's profile image
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Alex Von Maltzahn
  • Member since Jul 21, 2015
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Alex Von Maltzahn
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Canadian Real Estate

Heloc on primary residence

Alex Von Maltzahn
Posted

Anyone get a home equity line of credit? Did it affect the amount you have to pay for home insurance?

am considering heloc but am hoping it won’t affect my insurance I have to pay

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Chris Baxter's profile image
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Chris Baxter
  • Rental Property Investor
  • from Port Coquitlam, BC
  • Member since Jan 3, 2017
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Chris Baxter's profile image
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Chris Baxter
  • Rental Property Investor
  • from Port Coquitlam, BC
  • Member since Jan 3, 2017
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Chris Baxter
  • Rental Property Investor
  • Port Coquitlam, BC
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Chris Baxter
  • Rental Property Investor
  • Port Coquitlam, BC
Replied

@Alex Von Maltzahn welcome to BP.   There should be no impact on your home owners' insurance.  Insurance is not tied to the financing you have in place on your residence. 

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