I am cleaning up my profile while I garden after my recent SCT approvals with Wayfair, Ballards and Amazon. I am trying to position myself for a HELOC app at the end of this year or next spring. Setting aside the personal home as security issue for the HELOC, are there any other issues that I should consider when choosing between a HELOC app or a PLOC when I am ready? I will be doing small remodel/upgrades and repair jobs mostly. Nothing over $20,000.
The difference in interest aside as well. I have plenty of time to mull it over while I ready my file. I want to make a well informed decision when the time comes. Anyone care to share their personal experience with a similar decision? I appreciate the time it takes to give feedback. Thanks in advance.
Starting Score: 'All three mid 500s as of 1/1/16