I'm a Canadian with a mortgage free property in FL. I'd like to get a HELOC against the property; use the money to invest. Advice Please.
House is paid for - value $400,000
I'd like to invest the money in the stock market, when that market has a correction. My question is what banks / credit unions in FL should I inquire with.
Answers | 1
Asked by Charles Jones
Answered by Mark Haynie
Mortgage Professional in Los Angeles, CA
Based on the 2.5% rate of your HELOC, it appears to be PRIME -.75%, which is a pr...
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Asked by Michael