I know a lot of ballers here have a HELOC. I just recently bought a place and I'm looking at just getting rid of my current vehicle payment by getting a HELOC. So, school me. Can this only be done with the bank I got my mortgage through, OR can I do this with say RBC who I'm with?
Pros, cons? Give me some insight as to what the best options are here for me. Is there a certain amount of time I have to wait before I'm able to get one?
I figure I'd get some insight here first before I call the Bank on Tuesday when they are open again.