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If you already have a HELOC or you are looking to get a HELOC then we suggest you use less than 50% of the total HELOC limit so if you have a $100,000 HELOC limit use only $50,000 or less so you will be protecting yourself from a possible recession and its negative impact.\u00a0<\/p>
Another thing is that don\u2019t exceed more than 70% of the combined debt when it comes to your home or your residents so for example – if you have a home or your primary residence is worth $100,000 we suggest do not exceed more than $70,000 in total debt on this home value again going back to protecting yourself from a possible recession.\u00a0<\/p>
The idea here is we don\u2019t have to owe more than what our home is actually worth.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t