Sentences with phrase «exactly as a home equity loan»
A credit line is treated almost exactly as a home equity loan, with the expectation that the credit will be repaid.
http://nowitcounts.com/ Not exact matches
A home equity line of credit (HELOC) can be a great way to borrow money, but as with any loan it's important to understand what you're getting into, and exactly how you plan to spend the money.
Once this is established lenders go ahead to calculate a metric called loan to value ratio, that helps them decide exactly how much to offer as a home equity loan.