I'm 38, lost my job and my basement just got flooded -- which will cost me $20K. Is a HELOC my only option?

By Yahoo! Finance   |   3 weeks ago
I'm 38, lost my job and my basement just got flooded  --  which will cost me $20K. Is a HELOC my only option?

Owning a home carries the risk of unexpected costly repairs, which can be challenging during unstable financial situations like unemployment. Considering a Home Equity Line of Credit (HELOC) to cover emergencies may be beneficial if you have alternative income or savings, but risky if you lack a steady income.

Read More

Did you find this insightful?