Tag: HELOC
What is a Home Equity Line of Credit (HELOC)?
A HELOC is a line of credit much like a credit card that is secured against the equity in a home. These are most often originated after a person has owned a home but can also be originated as a part of a purchase transaction. HELOCʼs have extremely flexible terms and is an excellent financial [...]
Posted: May 19th, 2008 under 2nd Mortgages, ARM's, General Mortgage Info., Mortgage Programs, Personal Finance.
Tags: HELOC, home equity line of credit
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