I just withdrawn $250K from my HELOC, just to have it sitting in my checking account.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
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The lien is there whether you draw on it or not. Very common for people to get a HELOC, never draw on it, forget about it, and have title headaches when they go to sell.
Yes, I noticed it on the MLS listing, even though I had never touched it. The question I have now is how long does it take to remove after it's paid.
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