Michelle McLellan

Senior Vice President, Home Loans at Bank of America
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  • We do find cases where a consumer has had a number of short-term emergencies or they used the credit card to pay for renovations. Another reason is that their debt is at a higher interest rate. In this case, A HELOC can be good for debt consolidation. These are instances when we recommend this line of credit.

    5 December 2019
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