tryan
Thinks s/he gets paid by the post
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- Mar 25, 2005
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- 2,604
Get the HELOC before you leave work ... chances are adding it will not be a option in retirement (been there done that).
HELOCS and Early Retirement?
- Thread starter ERetire
- Start date
Wendy
Recycles dryer sheets
- Joined
- Jul 25, 2007
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- 54
Excellent advice, thanks. I'm applying this week.
Finance Dave
Thinks s/he gets paid by the post
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- Mar 29, 2007
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That's a good point. We have a HELOC, opened a year ago. I think it's good for 7 years? Let's assume I plan to FIRE in 6 years...I may want to go back and "renegotiate" it before I FIRE?
I don't think it will really be an issue for me...as I plan to FIRE sooner than that...but just understanding makes me feel more empowered.
We're using a part of the HELOC now for a rental mortgage...but still have about $100k left on it that we could tap if needed.
