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The Federal Truth in Lending Act can offer you peace of mind when capitalizing on HELOC advantages.
Your monthly income is directly deposited to the HELOC.
You then use a debit card or checks attached to the HELOC to make your purchases.
When you make purchases with the debit card or checks attached to the HELOC, you are essentially borrowing from the equity in your mortgage.
When seeking out a direct lender for investment property HELOC, applicants send requests directly to the lender.
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