Can I Keep My Heloc If I Refinance?
Pay your HELOC off with a home equity loan: A home equity loan differs from a line of credit because you get the money in one lump sum. A fixed loan amount, a fixed interest rate and potentially a longer repayment period may make this an affordable option for you.
Why do you need a HELOC to buy a new home?
Investing in a new home. A HELOC is a great tool to access equity in your existing home to buy or put a down payment on a new home, such as a second home or investment property.
