HELOC withdrawals just hit a post-2008 high… and banks are already starting to reduce limits. If you're planning to use your home equity in an emergency, draw now – and move the cash to a different bank. I’ve seen accounts frozen and lines shut down without warning.
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Russell McDonald | NMLS 290837 | Broker CA DRE 01150730
Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628
Real Estate Broker – CA Dept of Real Estate