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Reply to "Take HELOC and then move within a year or two?"
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[quote=Anonymous]I am planning to get a HELOC for improvements in my current home. My plans are a bit uncertain, however, and there is a possibility that I might forgo the improvements and decide to just move out within the year or two-- and rent out my current place -- in which case I would use the HELOC to help come up with the downpayment for the next home. My job is secure, and I am not concerned about not being able to pay the HELOC. Is there any issue I need to keep in mind, particularly if I get the HELOC and move out, say within a year?[/quote]
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