Question

 How is the rate determined for a home equity line of credit?

Answer A home equity line of credit allows you to borrow money as you need it---up to a limit---against the value of your home. These loans allow a significantly higher credit limit than credit cards beca... Read More »
http://www.answerbag.com/q_view/1869866

Top Q&A For: How is the rate determined for a home equity li...

When should I lock the rate on a home equity line of credit?

A home equity line of credit (HELOC) is a lot like a home equity loan in that it is a loan against the equity of the borrower's home; it represents a lien against the property. Unlike a home loan, ... Read More »
http://www.answerbag.com/q_view/1809265

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 »
http://www.answerbag.com/q_view/1883290

Can Reduction in a Home Equity Line of Credit Affect My Credit Score?

A home equity line of credit is a type of secured revolving credit that uses your home's equity -- the value of the home minus mortgage owed -- as collateral. In certain cases, your lender may deci... Read More »
http://www.ehow.com/about_7351801_can-credit-affect-credit-score_.html

How much credit can you get with a chase home equity line of credit?

On One Hand: Borrow the Equity AvailableOnce you determine a home equity line of credit is the right loan, many borrowers tell the bank to allow for the line of credit to be set at the total equity... Read More »
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