Keep in mind that a HELOC will have an adjustable rate. 

i.e equity 40%Do you review your list and adjust regularly? 

See what the insurance person, sometimes they send an adjuster to review the property, says about the space.

However, that is typically structured at 6% for 5 years fixed, then 20% adjustable with a 20% downpayment.

In your foreclosure scenario did the title company contact the HOA and get a statement ... so that the HOA dues, etc. could be adjusted as of the settlement date?

Sometimes the rates are adjustable, sometimes they are higher rates, sometimes these are 15 year loans....and often they are all three of these.

Probably something simple requiring either a adjustment or instructing them on proper use.Tell them you will take a look next time you are at the property.

I've learned in the past couple years my mindset has changed from being scared to make mistakes and therefore not acting to acting and being cautious of mistakes and adjusting to them when they appear.

They weren't willing to co-sign...However, after meeting with a local bank who has been good to me, my wife, and our families we were offered the following terms..Yellow: Cash out $205,000 at 5.25% - adjustable rate.

Adjusts portfolio for efficiency and return.