 Quote:
Originally Posted by cute fuzzy bunny
BTW, I never get anywhere near a high LTV on these.
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Yeah, our HELOC is in the 10% range. If we have an "emergency" greater than that I would prefer not to risk our house in the rescue attempt. Or, at least, make that the "last resort."
On the other hand, I am relying on that source of funds being available if needed. In fact, I consider that a "solid" contract between us and the bank. But then on that other hand (is that 3?), our relationship with this bank is not what it used to be. We now write about three checks a month and, truly, treat them simply as a Clearing House for fund Transfers. It has been several years since I have actually been inside the building to speak with a person. Now that I think about it, in the 35 years we have had accounts with this bank it has changed hands five times -- all in the last 6-7 years. Wow! Is this depressing... and scary.
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