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Old 05-09-2008, 11:28 AM   #4
Thinks s/he gets paid by the post
Moemg's Avatar
 
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 4,735
The only way a Heloc came back and bite me was on insurance . While you have a Heloc in place you can not self insure .It is considered a mortgage even if the balance is zero . With some of the outrageous insurance rates in Florida you are pretty much at their mercy .
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