“HELOC” advice?
I’m looking for some advice about getting a Home Equity Line of Credit — first, does anyone have a recommendation for a bank or broker? Next, how does this sort of thing work — ideally I’d like to use the line of credit to fund sundry projects all over the house that I’m either DIY-ing or managing myself. Does the bank just write me a check whenever I ask for funds, or do I have to document how I’m using the money with plans and/or a licensed contractor?
