A property owner with a fully paid-off rental property needs cash and is considering a $50,000 home equity line of credit (HELOC). The Federal Reserve announced a quarter-percentage-point interest-rate hike on Wednesday, bringing rates to a range of 3.75%-4.0%. This increase makes borrowing more expensive for homeowners looking to access their equity. The tightening monetary environment raises questions about the timing of such financing.
Source: Read the original article
