Can You Use a HELOC as an Emergency Fund?

PLUS: Understanding VA Foreclosures and What Is a Shared Appreciation Mortgage?   [HOME BUYING]( |  [REFINANCE]( |  [TAXESÂ]( |  [INVESTING](     The Latest From SmartReads     Can You Use a HELOC as an Emergency Fund? There's Pros and Cons to It     Time and time again, financial advisors discuss the importance of having an [emergency fund](. No one wants to be surprised by an unexpected trip to the hospital or the car repair shop. If you’re not good at saving money, you may be wondering whether you can use a HELOC as an emergency fund. Turns out, you can. Whether that's a good idea, however, remains debatable...   [Read More](    What Is a Shared Appreciation Mortgage?     Understanding VA Foreclosures    In a shared appreciation mortgage, a homeowner agrees to give a mortgage lender a portion of the appreciation in the home's value at the time of sale...    If you think you're at risk for a VA foreclosure your first line of defense is your loan servicer. If your servicer can't help, VA may be able to...   [Read More]( [Read More](   Buying a home is hard. We can help by answering these questions: [1. How much house can I afford?]( [6. Will my taxes change after buying?]( [2. Should I buy or rent?]( [7. How do I get the lowest mortgage?]( [3. How much can I borrow?]( [8. Do I qualify for a FHA Mortgage?]( [4. Will this home appreciate?]( [9. What will my closing costs be?]( [5. Which neighborhood is best?]( [10. How much is my house worth?](   [More Questions](   Can't wait for the next email? SmartAsset keeps you up-to-date on personal finance news, financial literacy terms and data-driven studies with daily posts. Check out the latest from our editorial team:   [SmartReads](   [www.smartasset.com]( 632 Broadway 4th Floor | New York City | New York | 10012   ‚  ‚  ‚  [footer image] This email was sent to {EMAIL} [why did I get this?](     [unsubscribe from this list](     [update subscription preferences]( SmartAsset · 632 Broadway 4th Floor · New York City · New York · 10012 [www.smartasset.com]( [Click here to view the online version.]( --UNSUBSCRIBE_ALT--[google analytics]                                                                                Â