Ramsey Show caller has been treating a $400K HELOC like a giant credit card. Hosts say it’s time to get aggressive

Carol from Toronto called in to The Ramsey Show with a question about her home equity line of credit (HELOC), which she said ...

Ramsey Show caller makes $500K a year, but has been treating a $400K HELOC like a giant credit card. Why hosts say it’s time to get aggressive

Most HELOCs have variable interest rates, and lenders typically allow you to borrow up to a set percentage of your available equity, according to the Federal Trade Commission (2). During the draw ...