Real Estate

Question on HELOC

  • Last Updated:
  • Mar 15th, 2019 6:28 pm
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Sr. Member
Mar 7, 2008
603 posts
154 upvotes
Leask
I did Smith M approach when I had my primary resident and rental.

Works great if you know what you are doing! Basically paying down debt you can’t write off and build credit line within a heloc.
Deal Addict
User avatar
Jun 23, 2017
1177 posts
682 upvotes
Toronto, ON
torspiker wrote: Anyone knows if banks/brokers generally waive the fees for HELOC application and appraisal? Just came back from TD and they charge $550 for legal and $199 for appraisal. Thanks in advance.
if they really want your business, they would.
Newbie
Feb 22, 2019
13 posts
1 upvote
THINKPOD wrote: I did Smith M approach when I had my primary resident and rental.

Works great if you know what you are doing! Basically paying down debt you can’t write off and build credit line within a heloc.
Wondering how it affects your credit score if you take more and more from your HELOC?

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