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Home Equity Line of Credit

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  • Home Equity Line of Credit

    Anyone do one of these instead of a traditional 2nd. mortgage or personal loan? Any pros/cons?

  • #2
    Re: Home Equity Line of Credit

    Pay close attention to if the line will end and be converted to a conventional loan. Also look and see what the interest rate will be if this occurs. Most lines do not stay open for ever. Are you doing improvements or debt consolidation?

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