I'm quickly building equity in my home thanks to the market. Here's my question: Would you open a HELOC if there were no fees (except interest should you use it) and to have it available if needed or would you wait until the need arises? Should I take advantage of the offer, it will cost nothing unless I have a balance (the variable rate is prime). If I wait, there could be application and appraisal fees down the road. CardKid
yes! yes! yes! if you don't use it you don't pay interest and when you do need it you may not qualify.
