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  1. ... Line of Credit. It is a revolving loan which you can draw money from at any time, and repay anytime. It's kindof like...

    5 Answers · Business & Finance · 13/08/2007

  2. HELOC means Home Equity Line of Credit. That means it is not a loan that has a set repayment schedule. It's more like a credit card account...

    3 Answers · Business & Finance · 30/07/2009

  3. ...can be done two ways. First they can subordinate the second ( heloc ) loan in favor of the new first mortgage by a subordination agreement. Secondly...

    2 Answers · Business & Finance · 27/01/2009

  4. ... is very rare to come out ahead trying to take out an additional loan and then use the funds to pay a loan . However, banks know what...

    2 Answers · Business & Finance · 08/10/2016

  5. A HELOC is a home equity line of credit. A home equity line...variable index. This makes it almost certain that a HELOC 's rate will adjust on occasion. Hope this helps...

    2 Answers · Business & Finance · 01/04/2008

  6. ...you that, assuming that you used only the HELOC proceeds to pay cash and used no other monies, that there is no way you will get a loan for the full amount. Probably no more than 70...

    4 Answers · Business & Finance · 25/06/2014

  7. ..., when I read that in mine). A HELOC is secured by your home, so it ... home. And even then, it is a recourse loan , so the only way you would get out of any foreclosure deficiency...

    2 Answers · Business & Finance · 29/04/2010

  8. .... Talk with an attorney to verify it. In general, the HELOC is not a purchase money loan (The exception is if every dollar you've borrowed was...

    6 Answers · Business & Finance · 15/10/2007

  9. When you get a HELOC you are using the entire property as collateral for the loan . Many institutions don't care what you do with the money. ...

    1 Answers · Business & Finance · 29/12/2010

  10. Practically any type of loan can be wrapped into the debt consolidation process. ...serious step of declaring bankruptcy. http://best- loans .awardspace.com/ Loan -Consolidation.htm ...

    1 Answers · Business & Finance · 16/06/2008

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