News for hackers. Stuff that matters.

A comment on Launch HN: Homestead (YC W20) – Lot-splitting to build new housing supply. Parent comment

Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by celestialcheese on Friday January 07, 2022 @04:01PM (#29844757)
Can't pay off your house with a HELOC.

If your goal is to pay for college or buy a boat, HELOCs can be great.

This is super appealing to me because its a path I hadn't considered to becoming debt free with your primary residence, which is a large goal for many people, including myself.

[ Parent | on HN ]
Re:Launch HN: Homestead (YC W20) – Lot-splitting to build ne... by nrmitchi on Friday January 07, 2022 @04:17PM (#29844954)
That's a bit of a goal-post-moving response. The statement I responded to was that people can't "use their equity as cash". Saying that you can't use a heloc to pay off your home is *true*, but not really related to using equity as cash.
[ Parent | on HN ]