Not exact matches
Depending on the terms, the draw period will typically be up to 10 years,
after which you will no longer be able to borrow
against your home equity
line of credit.
After that, you can no longer borrow money
against the
line of credit and the interest rate will be fixed.
Using the moneystepper method, Brian would pay # 400
against his current debt each month and any emergencies would be funded through his existing
lines of credit (
credit cards up to # 11500 and parents at 40 % APR
after this).
Members may borrow
against their available
credit line for a period
of 10 years,
after which any existing balance must be paid in full within the following 10 years.
After demanding that its
credit facilities be repaid the Bank realized on the GIC Deposit and applied its proceeds
against the Company's outstanding
line of credit.