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Reply to "How big is your heloc line of credit???"
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[quote=Anonymous]Have never considered a HELOC. Idea of loan against home in case of emergency is frightening. Suppose you do have to tap into the HELOC, what kind of emergency would that be? A job loss, now no job and tapped into HELOC and can't pay back HELOC or mortgage. I can't imagine the necessity of having a 500k HELOC on my home. I save my money and keep it in the bank for emergency. Cash is quicker than any HELOC out there and doesn't come with interest charge. If you have an emergency that requires that much money you just put the roof over your head at risk.[/quote]
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