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youbet · 02-14-2008, 10:26 AM

I am not aware of specifics regarding HELOC terms and conditions today. However, I'd assume that since banks NEED to loan money, HELOC's will continue to exist. Terms may become less favorable and if your agreement with the bank is on the edge of qualifying, I'd keep an eye on it.

Perhaps a compromise would be prudent. Put a few months of expenses into a cash holding, cover the rest with the HELOC.

02-14-2008, 10:26 AM	#2
youbet Give me a museum and I'll fill it. (Picasso) Give me a forum ... Join Date: Mar 2005 Posts: 5,317	I am not aware of specifics regarding HELOC terms and conditions today. However, I'd assume that since banks NEED to loan money, HELOC's will continue to exist. Terms may become less favorable and if your agreement with the bank is on the edge of qualifying, I'd keep an eye on it. Perhaps a compromise would be prudent. Put a few months of expenses into a cash holding, cover the rest with the HELOC. __________________ DW paddling the Kankakee River........