School me on HELOC's

[ercchry]

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There's no mortgage and I don't need to access all the money. Hell even a no questions asked 50% heloc is plenty to fk around with

No one wants to answer the questions... but no one likes the terms of “no questions asked”

[ExtraSlow]

If you are serious about a no questions asked LOC, your main bank will probably provide on with little fuss. Higher rate, but.....

Borrowing against equity in your home probably justifies the bank asking questions about the value of that equity. The paperwork isn't that bad. And worth it if you actually plan to use the money.


However, if your plan is to draw on yiur HELOC to "invest I'd suggest caution. Investments can go down, just ask Sugarphreak.

[max_boost]

Just asking for a couple stacks so complicated lol

Maybe this is for the better.

[Sugarphreak]

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