Rates Current as of Thursday September 02, 2010

Home Equity Line of Credit (HELOC)

A line of credit secured by the equity in a consumer’s home. It can be used for home improvements, debt consolidation, and other major purchases. Interest paid on the loan is generally tax deductible (consult a tax advisor to be sure). The funds may be accessed by writing checks against the line of credit or by getting a cash advance.

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Home Equity Line of Credit (HELOC)

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