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Money and Finances
Reply to "How big is your heloc line of credit???"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't have one. Don't want one. Not interested in taking out debt against my home. [/quote] a line of credit isn't debt unless you spend it. we have one in case of dire emergency - its nice knowing its available if we need it.[/quote] Going into debt against my home during a time of dire emergency is scarier to me than the other options (pulling from retirement/Roth principle, credit cards, etc). When I'm in the midst of a crisis, the last thing I want to do is put my house on the line. [/quote] You don't understand finances very well, do you? Having a HELOC is just like having a mortgage. If you had a mortgage, you had debt against your home. Was that so scary?[/quote]
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