Home Equity Loans or Lines of Credit?

shauna asked:


Anyone have a good link for clear info about these?

MARGARITO
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3 Responses to Home Equity Loans or Lines of Credit?

  1. jwishz says:

    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

  2. Gazelle Intense says:

    AL

    think of a home equity loan as basically a giant credit card that uses your house as collateral.

    bad idea.

  3. Jilly says:

    SERGIO

    That’s basically it – have a look here