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03/12/19: Michelle Kubitz explains HELOCS

03/12/19: Michelle Kubitz explains HELOCS

 Michelle Kubitz of Amegy Bank discussed the ins and outs of a HELOC. (Not to be confused with Walter Brennan’s definition of a HELOT in the movie, Meet John Doe.) Michelle’s bank can do a HELOC loan for up to 80% of the loan to value of a homestead. Like all credit, the rate for a HELOC depends on many factors, including: credit score, first or second lien position, ability to repay, etc. The beauty of a HELOC is that there are no closing costs (under $250,000) and it can be repaid at any time, without penalty. It is best to secure a HELOC before retirement, due to the ability to repay requirement. 

March 12 2019.Exchange

Meeting Information

DBA meets every Tuesday at 7:30 to 8:30 a.m. for networking, breakfast, and a brief presentation. Meeting location:  Until further notice our weekly meeting is held virtually via Zoom If you would like to be a part of these meetings as our guest, please contact Lynn Hood, ljhood5500@att.net or 972-743-4008

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