Updated over 5 years ago on . Most recent reply
Line of Credit CUT!!
I use my HELOC like a savings account and don't keep much in the way of cash reserves. By feeding the HELOC with all my rents and other income sources, the average daily balance stays much lower and the result is a mortgage that gets paid off way sooner.
Have you heard of a HELOC credit line being shut down prematurely? In other words, the bank just decides on a whim not to lend any more.