Home
equity lines always have a right of rescission period, unless the entire line amount is used to fund a purchase transaction.
Not exact matches
On the other hand, a high debt - to -
equity ratio translates into higher risk for shareholders since creditors are
always first in
line for compensation should the company go bankrupt.
Equity lines of credit
ALWAYS come with variable interest rate.
On the other hand, a high debt - to -
equity ratio translates into higher risk for shareholders since creditors are
always first in
line for compensation should the company go bankrupt.
Running up living expenses, paying for vacations, or buying that ski boat you've
always wanted may seem reasonable because of a home
equity line of credit's low interest rate.
Of course, when using home
equity,
always remember that you are putting your home on the
line and could lose it to foreclosure.
As Peter Fortunato
always says, if you buy with cash or with bank financing /
equity lines of credit, you have checked your brain at the door.
But it is still a safe bet to say that home
equity loan or
line of credit loan value appraisals will
always be higher than a REALTOR CMA or a Certified Home Appraisal.