*Loan,banking and credit>>>credit line

Home equity vs. Home equity line of credit?

I need to do some repairs on my home and I'm not sure what the advantages are to either a home equity line of credit or a home equity loan. Any advice?

With a home equity loan, you apply for and get a fixed amount, up front and have to repay the loan over a fixed period, such as 15 years.
With a home equity line of credit, you apply for credit up to a certain amount, usually the amount of equity you have in your home. You are then given a stack of checks. You write checks as you need the money. The bank tracks how much you borrowed, figures out a required monthly payment, then sends you a bill. You always have to pay the minimum amount but can pay more if you choose.

As I understand, a line of credit is something that you can take out periodically. If you needed $500 for something, you could go to the bank and take it out, and you would start paying interest of the amount that you took out. A HE loan is a lump-sum.

(I hope I understand it correctly and am giving you correct info)
Have your realtor pay for it, and after you get a contract fire your agent and tell him you don't trust him, and of course don't pay the jackasss back.
You may want to consider just a normal refinance to lower your rate or get out of an adjustable rate mortgage that may be coming due. Home equity lines aren't a a bad way to go either but I prefer not to have 2 payments myself. Check out the free evaluation form at

www.totaldebtsolutionsllc.com

They have an extensive loan officer network who could likely better answer your in depth questions. Good luck.