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OAG · 02-19-2008, 06:01 AM

Isn't really about timing? If you use the HELOC and have to actually withdraw money from it can't you time the repayments? I do not know about most HELOC's but the one I have does not contain any prepayment penalties so assuming I needed the cash for a real emergency I could time the selling of the repayment asset. That would require some thinking and management but I think it mitigates or, over time, negates any "creating any financial problem for the home".

02-19-2008, 06:01 AM	#58
OAG Thinks s/he gets paid by the post Join Date: Jun 2006 Location: Dublin, Ohio Posts: 2,448	Isn't really about timing? If you use the HELOC and have to actually withdraw money from it can't you time the repayments? I do not know about most HELOC's but the one I have does not contain any prepayment penalties so assuming I needed the cash for a real emergency I could time the selling of the repayment asset. That would require some thinking and management but I think it mitigates or, over time, negates any "creating any financial problem for the home". __________________ Proud Vietnam Veteran: Cu Chi 66, 1 Bde, 25ID & Pleiku 66-67 41st Sig Bn 1st STRATCOM - Army Retired Jun 1979.