 Quote:
Originally Posted by RonBoyd
Exactly!
However, in that particular circumstance, a HELOC is a little hard to use unless it is already set up. Therefore, a little advance planning is necessary -- like having it already in place -- since any mortgage requires tons of paperwork, inspections, and other such time consuming activities.
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I set up a HELOC with PENFED in 8 days, no cost, no inspections, no appraisal, nothing sent in on my part, completion of the on-line application and then only had to take the overnight package they sent to my local notary and put the signed paper work into the SASE and send it back to PENFED. 4 days later had on-line access to $100K when and if needed.
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Proud Vietnam Veteran: Cu Chi 66, 1 Bde, 25ID & Pleiku 66-67 41st Sig Bn 1st STRATCOM - Army Retired Jun 1979.
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