Updated almost 4 years ago on .
Opening a HELOC on Home!
I have a property with a lower ARV, but I want to open a HELOC on this property and have the funds on standby for when a good deal comes along.
This deal is based out of Ohio.
Do I have to pay interest on my HELOC loan if I just have it on standby, but not using it?
Also, where can I get the best rates for my HELOC loan?