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Originally Posted by growing_older
Will banks open new HELOC for someone with no employment, but with plenty of equity?
Anyone know if sufficient equity can get one a HELOC even if temporarily unemployed?
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Quote:
Originally Posted by cute fuzzy bunny
I've gotten them when I was permanently and fully unemployed.
No reason to deny me a secure loan on an unmortgaged asset.
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Heck, our house has two chronically unemployed adults and a mortgage yet we're still beating the HELOC offers off with a stick.
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