Sentences with phrase «assume home equity lines»

Not exact matches

This assumes that your home value isn't declining, and that you don't have a home equity loan or line of credit.

Assume David Debtor bought his Minneapolis home for $ 250,000 and he later took out a $ 50,000 HELOC (home equity line of credit).

There are clear differences between the two but many assume a home equity loan to be the same as a home equity line of credit.

Many people assume them to be the same but a home equity loan and home equity line of credit couldn't be more different.

The Prime Rate + 1.24 % rate is available for customers opening home equity lines of credit for $ 50,000 or greater and meeting product credit qualifications covered below and assumes less than or equal to 80 % Combined Loan to Value (CLTV).

There are clear distinctions between a home equity loan and home equity line of credit but many people assume they are alike.

Note: Assumes excellent credit, Owner Occupied, Single Family Home, 2nd Lien Home Equity Line of Choice.

However, lenders may apply a bit more pressure on the person who assumes the mortgage if it's a line of credit attached to the value of the home, like a home equity loan or home equity line of credit, forcing them to pay up.