Comments on: The Home Equity Line of Credit

By: The Financial Blogger | Special Features On Home Equity Line Of Credit (HELOC)

Fri, 06 Jun 2008 10:00:59 +0000

[...] 5K flex line in order to manage his tuition fees, you can set a fixed 5k line of credit within your HELOC and add him as a user of this portion only. Therefore, you are able to monitor his college expenses [...]

By: The Financial Blogger | Take The Power Back

The Financial Blogger | Take The Power Back — Thu, 01 May 2008 09:50:06 +0000

[...] can setup a global HELOC that will contain your variable rate mortgage. Therefore, as the months pass, you will decrease the [...]

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 26 Apr 2008 11:36:17 +0000

[...] This allows me to keep my $400 a month into my Smith Manoeuvre with an additional $450 into my HELOC. So now, I don’t have to count on my Smith Manoeuvre contribution to reimburse my parents in 3 [...]

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 05 Apr 2008 10:36:08 +0000

[...] is about to be compensated. Its major flaw was that you could not mix any fixed mortgage with the HELOC and having the line of credit increase when you are making your mortgage [...]

By: The Financial Blogger | Why Using a HELOC as an Emergency Fund

The Financial Blogger | Why Using a HELOC as an Emergency Fund — Wed, 27 Feb 2008 11:00:25 +0000

[...] doesn’t want to save for an emergency plan as he will use his HELOC if he has any problem along the way. Then, he starts investing his $377 at 7% right away. At the [...]

By: The Financial Blogger | January Smith Manoeuvre Update

The Financial Blogger | January Smith Manoeuvre Update — Mon, 04 Feb 2008 11:01:45 +0000

[...] Am I starting to choke because of the market? Absolutely not! I am actually preparing my portfolio for the bear market. I will continue to buy mutual funds on a periodic basis with my $450 per month. Once I paid the interest and invest money in the Smith Manoeuvre, I have an additional $260 per month that will be applied to the owing balance of my HELOC. [...]

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 19 Jan 2008 11:03:21 +0000

[...] in 2008 to build a safety net within my SM. In fact, I will not change my strategy but pay down my HELOC. If there is a second drop, I will certainly jack up my SM investment to $700 a [...]

By: The Financial Blogger | Smith Manoeuvre End of Year Update

The Financial Blogger | Smith Manoeuvre End of Year Update — Tue, 08 Jan 2008 11:02:27 +0000

[...] with a regular line of credit in 2004 until I decided to make the big move to the SM with my HELOC. Did I do well? Did I learn something out of my first year of leveraging through my property? What [...]

By: The Financial Blogger | Financial Ramblings

The Financial Blogger | Financial Ramblings — Sat, 17 Nov 2007 11:01:18 +0000

[...] have finally put all my things in place to increase my HELOC. I should get the appraisal report shortly and then restructure all my debts. I estimate that I [...]

By: The Financial Blogger | Smith Manoeuvre November Update

The Financial Blogger | Smith Manoeuvre November Update — Tue, 06 Nov 2007 11:05:01 +0000

[...] of property values, I just sent all my stuff to my banker so I can increase my HELOC. The goal behind this operation is very simple. I already have a car loan and some other debts I [...]