Money Tips : Setting up an Emergency Fund Using a HELOC Comments (0)
Most financial advisors recommend keeping an emergency fund of 3 to 6 months salary. If you, like most, don’t have that money on hand, saving it during a bear market can prove quite problematic. One great option for those who do not have an emergency fund but own a home is a Home Equity Line Of Credit or HELOC. A HELOC, like a home equity loan, requires property to be pledged as security for the [ More.. ]
