You'll be making payments right away for money you haven't spent. Working much like a credit card, you dip into the till only when necessary. That's a handy financial tool to have, say, for a home improvement project you pay in installments. You generally won't won't be saddled with a large prepayment penalty if you only need the money for a short time. Low introductory variable rates let you use money for less than if you opted for a fixed-rate home equity loan.
Lines of credit can get expensive.
Each withdrawal could come with a fee and if you reach your limit you could be short should a real emergency arise or it comes time to pay for a big-ticket item. It's fast and easy through our Credit Connection. Correct it now in one stop with our Unique Loan Solutions. Then consolidate them into one low monthly payment. Sponsor Offers Instant mortgage pre-approvals.