Comment on Refinancing a Home Equity Line of Credit (HELOC) by: Steve

Many financial experts believe that the home equity loan in the form of a credit card is not the best deal. For instance this is a great post about how the home equity line of credit (HELOC) and the 401(k) debit card are both ...more

Be Careful with Home Equity and 401k Credit Cards

The Federal Reserve explains a home equity line of credit, or HELOC, as "a form of revolving credit in which your home serves as collateral." A HELOC functions like a credit card and is slightly different from a home equity loan, ...more

Rex Agreement: Avoid This Like The Plague

If you borrowed $75000 with a HELOC (Home Equity Line of Credit) from Bank of America at 6% interest for five years, making 60 monthly interest only payments of $375, it would cost $22500. Hmmmmmm……..$175000 vs $22500. ...more

Comment on Refinancing a Home Equity Line of Credit (HELOC) by ...

Comment on Refinancing a Home Equity Line of Credit (HELOC) by:… You are right that was a pretty thorough and easy to follow breakdown. Kudos to the both of you! […]

Comment on Refinancing a Home Equity Line of Credit (HELOC) by: Steve

Lisa has done a good thing. It’s always easy to follow breakdown. Steve http://www.perfectmortgagelender.com/

Technorati Tags: home equity loan line of credit, Comment, Refinancing, Home, Equity, Line, Credit, HELOC, Steve