Home Equity Line of Credit Balance

Layer-visible-off
0
Unfavorites
0

Can you make the selling price of the home high enough to cover the home equity (line of credit) balance and then pay the balance when the house is sold?


0
correct_answer

Sure, a home equity line is like any other lien against a property. It must be satisfied (paid off) before title can be transferred, but it is typical for a HELOC to be paid out of the proceeds of a sale, rather than paid before closing.

Answered 9 months ago
Ted Rood
1344 6

You Must Be Logged In To Answer