Cross posted to RE board as well.

I wanted to see if anyone here could give me some adive or point me in the right direction as to what my best option would be for my current situation. I'm recently divorced and need to access some of the equity in my home in order to "pay off" my Ex without having to sell my home. The details:

• Need $100K
• Home value - $595K (appraisal as of 6/29/23)
• Outstanding Mortgage - $323K
• Current Equity - $272K
• I am the only person on the mortgage (Ex is not so no refi required)
• Self employed - LLC so no W2s for me
• Have some cash on hand but would prefer to hang on to that for bills/expenses due to up and down nature of business (construction)

Would a HELOC be my best bet? If so, where do I start? If not, what would be a better option?

Thank y'all!

I was in a similar situation and did a Heloc to pay off the ex. But my plan was to sell it relatively soon 6months or so after she was out, so not sure if that changes anything for you

I replied to the OP's post on the RE board but we're offering 6.74% for the first year on HELOC with application dates of October 28 or before if anyone is looking for one in Texas. Email is on profile if anyone wants any info.