Updated over 5 years ago on . Most recent reply

what to do? HELOC frozen...
I just got a HELOC on my investment portfolio, so I can buy my next building with "cash".
I dumped all my operating funds in my HELOC to minimize the interest.
Now, I get a wrenching gut feeling that this HELOC can get frozen and I won't be able to buy anything new.
Please, give me an advice: what would you do?
Most Popular Reply

Cash is king. I'd rather have cash than less debt.
Most HELOCs have a low interest rates. To me paying a low interest rate on a HELOC is like buying insurance. I have protection against bigger risks for a nominal price.