Dow down sharply in final hour, as stocks swing lower after Fed raises rates 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% “I have a second property which is totally paid off and I have it rented out.” (Photo subject is a model.) /iStockphoto I have a second property which is totally paid off and I have it rented out.
If I applied for a home-equity line of credit (HELOC) for $50,000 based on the rental income, would it be a problem given that there is no primary mortgage? Is this a good time to take out a HELOC? I would like to build up my cash reserves — and I have some bills to pay.
Copyright ©2026 MarketWatch, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Google is playing a different AI game than everyone else, and Wall Street may be missing the point The smartest money moves to make now that interest rates are going higher Micron’s stock could climb 70% higher thanks to a factor that’s been largely absent so far Quentin Fottrell is MarketWatch's managing editor for advice columns and writes the column The Moneyist. You can follow him on Twitter @quantanamo.
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