3 ms·
It's not just the valuation of the house it's debit to equity. In a $100k home where you owe $80k the HELOC would be like only $10k - and the rate would be le
by djbusby 3y ago
It's not just the valuation of the house it's debit to equity.
In a $100k home where you owe $80k the HELOC would be like only $10k - and the rate would be less good.
In the same home where you owe $20k (have $80k equity) you could borrow $50k at a better rate.