Question

 What Are the Costs Associated With Home Equity Lines?

Answer A home equity line of credit is similar to a refinance, but does not include a single lump-sum loan. Instead, the homeowner works out a deal with the lender that places the house as collateral for ... Read More »
http://www.ehow.com/list_6803750_costs-associated-home-equity-lines_.html

Top Q&A For: What Are the Costs Associated With Home Equity ...

Are home equity credit lines bad?

On One Hand: Danger of ForeclosureA home equity line of credit (HELOC) uses your home as collateral for a loan, which means that if you fail to repay the loan, you could lose your home. In addition... Read More »
http://www.answerbag.com/q_view/2050526

What collateral do you use for home equity lines of credit?

A HELOC or home equity line of credit is a revolving loan that borrows against the equity in your home. A home equity line of credit allows homeowners to draw against a sum of cash in increments, w... Read More »
http://www.answerbag.com/q_view/1884288

Are home equity lines of credit dischargeable?

On One Hand: It's Possible.Theoretically, any debt can be discharged. Debt is discharged when the lender agrees to forgive some or all of the debt. Since the decision is entirely up to the lender, ... Read More »
http://www.answerbag.com/q_view/2053515

Are home equity lines of credit tax deductible?

Only some of the interest on home equity lines of credit is tax deductible. The amount you can deduct depends on your filing status and how you use the proceeds of the loan.Interest LimitsFor most ... Read More »
http://www.answerbag.com/q_view/1870398


feedback
loading