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To: avacado

Home equity line of credit.


9 posted on 02/23/2010 4:16:03 PM PST by TSgt (RE-ELECT NOBODY - VOTE THEM ALL OUT!)
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To: MikeWUSAF; Petronski

Thank you!


17 posted on 02/23/2010 4:19:59 PM PST by avacado
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To: avacado; MikeWUSAF; Petronski
A HELOC is a second mortgage.

Use the term 'second mortgage' when referring to irresponsible people who couldn't live within their means or those who are forced into it by one time emergency situations.

Use the term 'HELOC' when referring to informed consumers who use their home's equity to work for them to consolidate debt, allow them to make home improvements, buy a new car, and enjoy that once-in-a-lifetime vacation they've been putting off.

/sarc

23 posted on 02/23/2010 4:25:18 PM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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