Equity lines are almost always used
in conjunction with another loan. The first order of business is
always to look at your other loan(s) and then make an intelligent
decision. Even if your existing loan(s) may be fairly recent, don't
rule out other options before they are all fully explored. Surprisingly,
sometimes the correct decision on a simple Equity Line can end up
being the most complicated from a lending point of view, but the
most cost effective for you. |