Free Republic

Why did Joe Biden secure a $250,000 home equity line of credit? Joe Biden quietly took out a $250,000 line of credit against his Rehoboth Beach home in December amid his classified documents scandal. Biden took the line of credit out while his son Hunter is under federal criminal investigation. https://www.thegatewaypundit.com/wp-content/uploads/beachhouse2-1.webp Fox News reported: President Biden secured a $250,000 line of credit against his Rehoboth Beach, Delaware, home as his son, Hunter Biden, faces an investigation into his tax affairs and amid his own classified documents scandal, records obtained by Fox News Digital shows. Biden acquired the six-figure home equity...

Your Line of Credit account will remain open We previously informed you that we plan to discontinue our Personal and Portfolio Line of Credit products and that your Line of Credit account would be closed. However, based on feedback from our customers (thank you if you provided feedback!) we are adjusting our approach. As a result, your Line of Credit account will remain open. What you need to know Your Line of Credit account ending in xxxx will remain open, and you may continue to use your account as you have done in the past. The terms of your account...

Wells Fargo has begun informing customers that it will no longer be offering personal credit lines, with all existing lines being shut down in the coming weeks. In a six-page letter to customers obtained by CNBC, Wells Fargo said it had "recently reviewed its product offerings and decided to discontinue offering new Personal and Portfolio line of credit accounts and close all existing accounts," instead setting its focus on credit cards and personal loans. The revolving credit lines had been a popular consumer lending product, allowing customers to consolidate higher-interest credit card debt, avoid overdraft fees on checking accounts, as...

At hardware stores along the U.S. East Coast in recent weeks, TD Bank has been trying to persuade shoppers to think bigger than paint and plumbing supplies: The bank wants them to start taking cash out of their homes again. The TD Bank tour bus, equipped with a galley kitchen and iPads where homeowners can start the application process, is part of a marketing push unusual for the mortgage industry since the housing bust. As the broader mortgage market remains in the doldrums, banks are again touting home-equity lines of credit, which allow homeowners to draw down the equity in...

Dear Dave, My son has a $115,000 mortgage at 5.8 percent. He also has a home equity line of credit of $40,000 at 9 percent. Currently, he can get a 30-year loan at 3.5 percent, or a 15-year note at 2.75 percent. His take-home pay is between $70,000 and $80,000 a year, and these are his only debts. Should he combine the mortgages into one loan? Daniel Dear Daniel, First, I only recommend mortgages of 15 years or less. Now we’re looking at a 2.75 percent loan versus a 5.8 percent loan versus a 9 percent loan. I advise people...

"I thought NBC this morning, in a program that had nobody on camera, nobody quoted by name, that quoted reporters talking anonymously about cowardly people, who, frankly, lied about my wife..."

Former House speaker Newt Gingrich had a second line of credit at the high-end jewelry store Tiffany’s for as much as $1 million dollars, his presidential campaign acknowledged Tuesday. Joe DeSantis, a spokesman for Gingrich, said that the candidate’s personal financial disclosure filing, which is due within 30 days of his formal entrance into the presidential race, will “show that the Gingriches had a $500,000 to $1 million line of credit at Tiffany’s, that it has a zero balance, and it has been closed.” DeSantis added that all debts to Tiffany’s had been paid in full. He offered no details...

PARSIAN BANK of IRAN OBTAINS US$30 MLN LINE of CREDIT December 14, 2005 TEHRAN, Dec 14 Asia Pulse - The Parsian Bank of Iran was the first of its in the country to obtain on Monday a 25 million euro (US$30 million) line of credit from Germany's 'Hermes' insurance. Parsian can now use financing from first-rate European banks up to a ceiling of 25 million euros, its public relations department said Monday. It has also obtained a medium and long-term financing line from a German bank for 100 million euros with the guarantee by Iran's economy and finance ministry. In...

We were recently approved for a line of credit to be used for home improvement/debt consolidation purposes. Upon signing the papers later this week, they said they would deposit some of the money into our checking account. Here are my questions: 1. Do they always give you a specified amount upfront? 2. Even though checks for the LOC will not be sent to us for a few weeks, what if we don't want to use this money and we want to pay some of it back? Are we assessed interest right away on this amount? I'm not sure if I...