Question

 What terms are typical for home equity lines of credit?

Answer A home equity line of credit is one of the most popular personal lines of credit available. The amount is determined by the value of your house and what you owe on the mortgage.AmountWhen you begin... Read More »
http://www.answerbag.com/q_view/1911900

Top Q&A For: What terms are typical for home equity lines of...

What are home equity line of credit payment terms?

A home equity line of credit is one way to get money out of the equity you have established in your home. Terms for home equity lines of credit will vary from lender to lender, but some terms are c... Read More »
http://www.answerbag.com/q_view/1870285

What are the repayment terms for a home equity line of credit?

A home equity line of credit (HELOC) is a loan secured by the equity in your home. When you take out a HELOC, there are certain repayment terms you have to adhere to. Payments usually start 30 to 4... Read More »
http://www.answerbag.com/q_view/1924827

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

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