Updated 5 months ago on . Most recent reply
Home Equity during Housing Stall
Hi, I am hoping to purchase a rental property this year by leveraging my home's equity, but then I realized that the housing market is in a weird stall and is expected to be moving forward this year. I hope to use my equity to fund a rental property later on this year but I am unsure if it matters to apply now or when I plan to make the purchase. Would it make sense to apply for the HELOC now with the current value of my home or apply later and risk it being valued lower. I am unsure whether my home would appreciate or depreciate since the market is in its current state. Any advice?