IFB289: Problems and Pitfalls of Investing with Debt
The Investing for Beginners Podcast - Your Path to Financial Freedom
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The Downsides of Refinancing Your Home
A few years ago during the pandemic, there was a huge increase in HELOCs being issued by banks. Most HELOCs have a term limit by 10 years, depending on how you work it out. So if you have a five-year HELOC, that means you borrow 50K, you got to pay the 50K back in five years. And if it doesn't, then it reverts to a fixed term loan and it can go for a higher rate than what you got the HELOC for.
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