Question : How long should I wait before applying for a home line of credit after refinancing?
I just refinanced my home to get a fixed rate and now I want to open a line of credit account.
home line of credit

Best answer:

Answer by sporregar
You might not be able to get a 2nd mortgage so quickly. It will depend on your equity in the house.

HELOCs aren’t such a good idea right now because the interest rate fluctuates with the prime rate and it could jump every month.