What ate equityline loans?
|
  |
|
|
| Author |
Message |
slade
Apprentice
Joined: 02 Feb 2008
Posts: 4
|
 Posted: 07/19/08 - 07:56 Post subject: |
 |
|
| I have recently been thinking about getting a loan. It seems to me that the best way to buy a house is such a solution. However, I would like to know what are equity line loans. Such an information could help me a lot, so if anyone could tell me, I would be grateful. |
|
|
Back to top
|
|
|
|
 |
thorstein
Apprentice
Joined: 01 Mar 2006
Posts: 3
|
| Posted: 08/17/08 - 22:55 Post subject: |
|
|
| There is currently ongoing crisis in the housing market, as you are probably aware. The mortgage system works as any loan. You need to have enough money to make a deposit, and good enough salary to follow up with the payments. With a good credit rating, and a good history, you should get good deal because of your credibility. Now, an equity line loan is a great way for both you and your bank to profit. You get good credit with low interest rates, while banks get a safe borrower and very little risk involved. Hope you find the info helpful. |
|
|
Back to top
|
|
|
|
|
|
| |
All times are GMT
|
| Page 1 of 1 |
Related topics: | |
|
|
