What is a home mortgage line of credit?

Answer With a credit line, borrowers can access money up to a certain limit, make monthly payments on the amount borrowed and re-borrow money from the loan as they repay the debt. A home mortgage line of ... Read More »

Top Q&A For: What is a home mortgage line of credit

Should I Get a Mortgage or Home Equity Line of Credit for My House?

It's a good idea to prepare to handle ethical issues before they escalate into crises because when they come up you usually do not have a lot of time to act. Ethical issues come up with regard to f... Read More »

Should you get a second mortgage or a home equity line of credit?

On One Hand: Home Equity Line of CreditA home equity line of credit allows you to access money as you need it rather than receiving it all at the start of the loan. If you plan to use the loan to ... Read More »

What is the difference between a reverse mortgage&a line of credit?

A reverse mortgage is a lien on a house. A line of credit can be secured by a house or other asset, as well as an unsecured debt. Each loan has a different set of rules and regulations.Significance... 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 »