Taking advantage of convertible home equity lines of credit

There is also what is called a home equity line of credit. A home equity line of credit is extended to borrowers with a home equity loan and can be used like a credit card. Any amount can be withdrawn and paid off as part of the ...more

Home Equity ATM Tapped Out, Hello High Interest Debt

Home lending has down-shifted in the past few months, and more and more homeowners are finding it nearly impossible to use their home equity line of credit to pay for their credit card bill, a practice that has become widespread in the ...more

Re-Financing with a Line of Credit Loan

Some homeowners might consider re-financing with a home equity line of credit as opposed to a traditional loan. There are definite advantages and disadvantages to these types of situations. The key to understanding whether or not ...more

Taking advantage of convertible home equity lines of credit

A convertible HELOC refers to a home equity line of credit product that can be converted from an adjustable rate HELOC in to a fixed-rate mortgage. While each bank offers a slightly different type of convertible product most have ...more



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