Re: Home equity line of credit
Ima, If you know how much you are going to need it might be better to get a HELO (Home Equity Loan) rather than a HELOC (Home Equity Line of Credit). The HELO is a set amount loan vs a line of credit and you can usually lock in the interest rate instead of the variable one most HELOC's come with.
Just a thought, make sure you banker knows what you want.
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