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Updated over 6 years ago on . Most recent reply

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Mike Gehm
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HELOC for first lien - looking for people with experience in this

Mike Gehm
Posted
I am new to this forum, and new to the idea of using a HELOC as your first lien. I am looking at the strategy of taking out the HELOC and then putting everything into it using it as a checking / savings account, and using it to help pay down the principal faster. Wondering if anybody on here has experience and that you could kind of give me some examples of how this works doesn't work has worked how you think it will turn out in the future. Any help would be great!

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