It will be an interesting tool to see how Jack structures it. Percentage of interest, amortization schedule and such. A line of credit isn't like a loan. You only pay interest on what you use and it...
Appreciate the info. I just don’t think it makes sense for the person with regular W-2 income, even if they are living within their means… unless they have an unexpected life circumstance requiring them to take out debt. I can see it being useful for businesses with uncollected Accounts Receivable or individuals with irregular paychecks needing cash flow, taking the debt out against future earnings.