Colbyt wrote:
"dpb" wrote in message ...
wrote:
I am thinking about applying for a home equity line of credit ...
There is no substantive difference between an equity loand and a second
mortgage.
The major difference is that a second mortgage loan is usually for a fixed
amount and a fixed term with a fixed interest rate.
....
Once upon at time, maybe. Now, not so much...altho after the meltdown
things are going back to far more conservative practices and when
whatever new regulations that are sure to come are enacted undoubtedly
it will be far harder for all involved.
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