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HomeEquityLoans - loan or line of credit?


Whats the best option for a home equity loan, a lump sum or a line of credit?

It really depends on your needs.This site has a lot of info

http://viewbestdeals.com/lendingtree.htm...

It should help you decide what would suit your needs the best.
Line of credit is more flexible, use it when you need it and pay it back when you dont. Interest only payments. Rate usually base on prime rate of interest. I like this choice personally.
Loan - fixed amount of interest for a long period of time. Larger payments with Principal and interest.
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