Sentences with phrase «heloc as an emergency fund»
Because of this, many homeowners use a HELOC as an emergency fund, quick cash in the case of an emergency.
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I have been procrastinating HELOC as an emergency fund.
Scordo debates the strategy of using a HELOC as an Emergency Fund.
Not exact matches
Ana likes the idea of keeping the $ 10,000 in cash as her emergency fund while Mike prefers to pay down the mortgage with the cash and will use a HELOC if an emergency comes up.
There are some situations (like mine) where using your HELOC (or regular line of credit) as an emergency fund is the best way to manage your cash.
So, many folks use home equity lines of credit (HELOCs) as emergency fund substitutes.
My emergency fund is probably not as vast as what others have, but that is because my HELOC is kind of my backup plan.