Can i use a home equity revolving line of credit to buy a car?

Answer It is possible to use a home equity revolving line of credit (HELOC) to buy a car only if there is a balance on the HELOC. A HELOC s a variable-rate loan that is an interest-only payment in the ear... Read More »

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Is a home equity loan considered revolving credit?

A home equity loan does not meet the definition of revolving credit. With revolving credit, you would make minimum payments that vary depending on your account balance; this is usually a credit car... Read More »

What is the difference between a home equity loan&a home equity line of credit?

Home equity loans and home equity lines of credit are two ways to borrow against the value of your home. Though they both use your home as collateral, they differ in a number of ways.Accessing Fund... Read More »

Is it Wise to Consolidate Credit-Card Debt Into a Home-Equity Line of Credit?

An acquisitions specialist buys products and services for her company, often for resale. Acquisitions specialists are often referred to as buyers or purchasing agents. They often determine which ty... Read More »

What is Home Equity Credit Line of Credit (HELOC), whst is the advantage and disadvantage of that?

A Home Equity Line of Credit is a line of credit based on the precentage of your home you have already paid for. For Ex. you have a loan for $100,000 and you have paid 30,000 of it off and owe $70... Read More »