Depending on the nature of that LLC you could have gone ahead and taken out the new loan in your name and saved yourself all of that extra expense. 

It's great to have experienced folks join the site!

So there is a miss-match and you end up paying more then you should.This is true for a small Canadian Controlled Private Corporation (CCPC) with "active" income - e.g. they manufacture widgets or provide a service to folks owning widgets.  

But I realize that so many people follow these folks and try to live through their travels..

I think that areas where young folks enjoy living is probably best given that affordable housing is a real issue in the metro.

Hi folks, I have some comments/questions regarding how to best prepare when applying to a heloc.  

This gives you extra leverage in case guests choose to not follow the rules.

I would also charge more than $250 for the extra hassles and costs.

I know the average purchase price for the counties are still lower than what the average income can afford with extra debt.

That's a rough area Tim......You're going to be dealing with an uphill battle getting quality folks to take on a property like that one.