Hello everyone
Anyone have experience with Home equity line of credit?
I would love to hear the advantages and disadvantages, of course relative to refinancing.
Thank you
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Big issue mortgages are intended for citizens, but always advised to talk to small local banks they have different plans from major banks.
IdanShkedy
I wrote about this post
Look at Bendelenfadia
It seems to me that this is a problem for those who are not citizens
A number of emphases for a home line of credit (HELOC). A) According to the name it is as if to get a loan for the equity that is in the house but the name is misleading - such a loan can be used to refinance a loan or even to buy a home up to 100% financing. Of course the percentage of financing will affect the interest rate like other factors. B) A great advantage in calculating the interest rate, which is a simple interest rate calculated daily and not a de-interest rate calculated in advance of 20-30 years. C) By and large it is also possible without citizens but not simple at all - you have to look for a lot… I bought my home a few months ago (I am not a citizen) and now I learned that this bank has stopped lending without citizens.