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That's the thing though, unless you have really high income you're not getting a heloc close to $1m. So if you make $100000 a year even with a free and clear house you're getting around $400 heloc tops. And you are cash strapped. Vs if you have $1m in investments you can pretty much guaranteed to get more lending. You can pretty much get dollar per dollar lending via high networth. Even if your income is shit or a retired boomer.
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