I just withdrawn $250K from my HELOC, just to have it sitting in my checking account.
Why? I don't know. Just some optionality for $22/day until things settle down a bit.
Any downside I'm missing? cc @patio11pic.twitter.com/CYDvGmvMf5
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
Good point about the right to call. I don't think they have that option, but I'll double check. It's more @amyhoy's point that seems like a bigger concern, since this is actually a house on the market. (But a market that seems completely stalled.)
yeah i live in fear that our sale won’t go thru in 1 week
You're absolutely right - there's no point in putting it in checking unless you need it right now. HELOCs can stay open for 10 years, so no rush to take out the money and start paying interest.
There are no free options. The bank can prevent me from withdrawing at any time with zero notice. Especially if house prices start to go down.
Where would you put it?
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.