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 Dan Spiegler, Licensed lender with over 10 years experiencePRO+ in Boulder, CO
You said the HELOC's 'due'; clarify before you act on that. HELOC's are most often...
Asked by Tony
Asked by Mary
Answered by MoneyTips Writing Staff, Financial Adviser in Los Angeles, CA
That would require more than 20% interest in a year. For how long would you able t...