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re: Personal Line of Credit
Posted on 9/26/12 at 11:17 am to yellowfin
Posted on 9/26/12 at 11:17 am to yellowfin
Yes, a home equity line of credit. I guess that is different from a personal line of credit? I'm not a finance wiz and didn't really think about there being different kinds. We had one with a $50,000 limit over a ten year period and used it to do several remodeling projects on the house; then paid it off and closed it. Worked out great. Was an adjustable rate, but stayed at 2.5% just about the whole time we had it.
Posted on 9/26/12 at 12:41 pm to TigerAlum1982
quote:
. I guess that is different from a personal line of credit?
normally a personal line of credit is unsecured
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