« Mortgage Interest Rates Rise | Main | Problems with Calculating Housing Price Inflation »
April 07, 2005
Home Equity Line of Credit Explained
Exactly what is a home equity line of credit or HELOC? A home equity line of credit, which lenders and mortgage brokers refer to as a HELOC, is a different kind of home loan. An equity line has different rates and terms from a conventional first mortgage. In a standard home loan, or mortgage, your monthly payments cover both the principal loan and the interest you are charged.
|
Related Products: |
Read more from this blogger: |
Posted on April 7, 2005 08:26 AM by Financ81.
Filed in Mortgage Calculator under financing terms.
Permalink 
| Comments (1)
Comments
I don't understand what u mean. Maybe you want to check this
blog to see more about loan.
Posted by: james at February 27, 2008 04:04 AM
