It looks like a great idea on the surface but the numbers don't stack up from a risk/return point of view as far as I'm concerned (it could be different for you depending on your return expectations).

Best regards, Vanja Dimitrijevic.1 - Opting for a cash-out refinance is a more permanent solution and generally offers better terms compared to a HELOC.

I just wasn't sure if it is my responsibility to do something if the electric bill is high and are not satisfied. do I have to be concerned about that?

Shortcut those and results will be impacted...or do them well and have no concerns.

I understand the cost concern.

@Anca R. and everyone, thanks for the shout out.To simplify the process the best I can, I'll address and break down each concern. 1.

Yes, this is my concern.

However, a lot of concerns can be mitigated with thorough screening and background checks.For example, we look at everything from income, credit, and background data through our system.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

I've only been made aware of this less than 24hrs ago, but that is one of my concerns.