The difference between a home equity line of credit & a home equity loan (explained) http://thriftydiydiva.com/the-difference-between-a-home-equity-line-of-credit-a-home-equity-loan-explained/ #homeowners #financetips
You at long last found the best home for your family, and all you may need now is a mortgage loan. The sellers are trying to find a fast deal and you need to show them you’re serious. They have someone lined up right behind you just waiting to snatch this baby from under you. Your partner absolutely loves the house and you can’t afford dealing with another 3 months of house hopping (or driving around the neighborhood…again! http://hypotecloans.com
Home Equity Booklet. The HELOC booklet includes information on: • What is a home equity line of credit? • What should you look for when shopping for a plan? • Costs of establishing and maintaining a home equity line • How will you repay your home equity plan? • Lines of credit vs. traditional second mortgage loans • What if the lender freezes or reduces your line of credit?