Clear answers to some commonly asked questions about HELOCs:
- What is a HELOC (home equity line of credit) loan?
- What do I look for in a home equity line of credit?
- What are the tax consequences of having a home equity line of credit?
- How does having having a home equity line of credit affect my credit score?
- Can a home equity line of credit be used to consolidate and pay-off my other debts?
- Are there times when a home equity line of credit shouldn’t be used?
- What about using home equity line of credit’s to buy stocks or other investments?
- Does it make sense to use a home equity line of credit to pay off a first mortgage?
- Can a home equity line of credit be used to start up a business?
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February 12th, 2007 at 1:14 pm
Can a HELOC or HEL be used for a downpayment on a new home?