 Home Equity Line of Credit
A loan providing you with the ability to borrow funds at the time and
in the amount you choose, up to a maximum credit limit for which you
have qualified. Repayment is secured by the equity in your home. Simple
interest (interest-only payments on the outstanding balance) is usually
tax-deductible. Often used for home improvements, major purchases or
expenses, and debt consolidation.
Sites of interest about about Home Equity Line of Credit:
Courtesy links about Home Equity Line of Credit:
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