Why does nobody talk about using a HELOC instead of a full cash out refi for smaller stuff?
I only needed $18k for a new roof and my credit union set up a HELOC in 9 days with no closing costs, while the refi quote I got from a lender in Dallas wanted $4,200 in fees to close. Has anyone else gone the HELOC route for a smaller chunk and been happy they skipped the refi?