May 31 2008
Using A Homeowner Line Of Credit To Consolidate Debts
A homeowner line of credit is a special type of loan that allows you to borrow money over an extended period of time, up to a preset limit that is set by your home equity. By using a homeowner line of credit instead of a more traditional loan, you are allowed a greater freedom over the amount that you spend and where you spend it than you would be with most forms of lump-sum lending. The information below should help you to decide whether a homeowner line of credit is right for you and your specific borrowing needs.
Using Equity