If you have a Home Equity Line of Credit (HELOC) that you have not used, now is a good time to evaluate whether or not you think you will *ever* need the cash.
If you think that you may need the cash in the future, it may be wise to withdraw it out and put it in another account.
Why?
Because banks are closing HELOCs with little or no prior warning leaving people with no line of credit where they thought they had it in place and could draw upon it.
I have heard more than one story about this happening with more than one large HELOC lender — and even got my hands on a letter from FDIC/Indymac who is paying people to close their HELOC account.
So if you think that you will need access to the cash from your HELOC it may be a good time to go get it!
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