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Home › Forums › Housing › HELOC Frostbite — OUCH › I kinda sorta agree with

May 28, 2008 at 5:09 PM #213181
davelj
Participant

I kinda sorta agree with BobS on this one. IF you are dead set on buying property at some point AND you were dead set on using that HELOC money anyway, then paying a net 3% to keep it available isn’t a bad idea. After all, if prices are falling 10%-15% annually, then a 3% fee to retain your liquidity isn’t that bad a deal, right?