The Home Equity Line of Credit: How It Worksby Kelly Richardson
Loan Page Columnist
Email a Friend Printer Friendly
If you are looking for a way to make home improvements and need a loan, use the equity in your current mortgage to acquire a home equity line of credit. The HELOC loan has many benefits.
Home Equity Line of Credit: Benefits
A home equity line of credit is not for everyone. There are situations where borrowers have used this mortgage loan and ended up in foreclosure because they could not make their payments.
HELOC TipsHere are some simple things to ask when inquiring about a home equity line of credit.
The home equity line of credit can be a powerful weapon in your home equity arsenal.
About the Author Kelly Richardson holds a bachelor degree in English and master degree in education from Georgia State University.
30-Year Fixed Rate -Get Mortgage Quotes In Your Area
15-Year Fixed Rate -Get Mortgage Quotes In Your Area