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What is a line of credit home loan?

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12th May 2010 by JonB

A line of credit home loan is an equity loan, usually in second or third position, that allows you to borrow against the equity on your house a little at a time, much like a credit card. You only pay interest on the amount of y our equity you choose to borrow against.

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24th Apr 2010 In Mortgage 1 Answers | 736 Views
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