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My rental property is paid off, but I need cash. Is this a bad time to take out a $50,000 HELOC?

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My rental property is paid off, but I need cash. Is this a bad time to take out a $50,000 HELOC?

The Federal Reserve announced a quarter-percentage-point interest-rate hike Wednesday, to a range of 3.75%-4.0%.

My rental property is paid off, but I need cash. Is this a bad time to take out a $50,000 HELOC?

Source：MarketWatch

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Source：https://www.marketwatch.com/story/my-rental-property-is-paid-off-but-i-need-cash-is-this-a-bad-time-to-take-out-a-50-000-heloc-d094bbc5