The race for HELOCs and liquidity

[Mari Puga]

Hello BPs!

For the past fewy ou days I have been thinking about this and would like to pick your brains. We saw this happening during the great recession and prior times; and with all the noise about a potential recession (short or moderate) do you think banks will freeze or limit the credit capacity on HELOCs?   

Are you ready to withdraw all funds from your line of credit (HELOC) before banks start freezing them? Or do you think is it too soon?

Where would you invest the funds? Would you put in a savings/money market account?

I would love to hear your thoughts and insights based on previous experiences.

Cheers!