What You Should Know About Home Equity Lines of Credit


Subject:
Consumer Research & Advocacy , Money , Home Buying & Financing , Loans , Loans

Description:
Questions and answers about the "form of revolving credit in which your home serves as collateral." Discusses what to look for when shopping for a home equity plan, the costs involved, repaying the loan, and lines of credit versus traditional second mortgage loans. Includes a checklist for comparing loans. In English and Spanish. From the Federal Reserve Bank.

Publisher:
Federal Reserve Board

Language:
English

Source:
http://www.federalreserve.gov/pubs/equity/equity_english.htm


PID= res:lii-13048