They are the same thing with different names. You set up an equity line of credit based upon the equity in your home. Then, borrow against it as you need it. Check with the bank you are currently using. BofA, Wells Fargo and Chase offer competitive products
ARON
They are the same thing with different names. You set up an equity line of credit based upon the equity in your home. Then, borrow against it as you need it. Check with the bank you are currently using. BofA, Wells Fargo and Chase offer competitive products
AL
think of a home equity loan as basically a giant credit card that uses your house as collateral.
bad idea.
SERGIO
That’s basically it – have a look here