Thread: HELOC or not?
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Old 27 March 2024, 02:01 AM   #10
East Bay Rider
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Join Date: Oct 2007
Real Name: Bill
Location: East Bay RI
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Quote:
Originally Posted by 1st amg View Post
I would keep it on. The advantage Bill, I would suspect is that with identity theft that is on a tear, if your home is unencumbered and free of leans, you could become a target for these monsters to attach a loan/mortgage/HELOC to your title without you even knowing about it. If you have a bank attached to it, it becomes that much harder to access as the bank would know about this. My educated guess.
I think that's what my former coworker was alluding to.
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