Sentences with phrase «leaving access to a line of credit»
If your priority is to preserve as much equity in your home while still leaving access to a line of credit to have in case of an emergency this is the product you would want to choose.
In other words, if there is still a lineofcredit available of $ 100,000 at the time the older, borrowing spouse permanently leaves the home, the younger, non-borrowing souse does not have accessto the funds on the lineofcredit.