
Can I open a HELOC and not use it?
If you're thinking about opening a HELOC without an immediate need, there are a few things you should know.
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J.R. Duren is a content marketing writer for CBS MoneyWatch's Managing Your Money team. Prior to joining CBS News, Duren was a lead editor at CNN Underscored Money. He joined CNN Underscored after serving as an editor at Investopedia and The Balance. Earlier in his career, Duren was a features reporter at The Villages Daily Sun.
If you're thinking about opening a HELOC without an immediate need, there are a few things you should know.
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