What is the difference between a home equity line of credit & a personal line of credit? - bank home equity line of credit
I think that both are similar, and can be used for the same reasons. What is the difference, what's best for the application to be approved at the best, and why so many banks offer lines of credit or a loan ... but still offers mortgages and mortgage-backed lines?
Saturday, January 2, 2010
Bank Home Equity Line Of Credit What Is The Difference Between A Home Equity Line Of Credit & A Personal Line Of Credit?
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Home Equity Loans, are you basically put your house as collateral. Given a personal loan that the reputation and standing there is no guarantee. The banks are more willing to grant a home equity loan, because if you do not pay the bills, they take home.
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