HomeEquityLoans - loan or line of credit? What is the best choice for a mortgage, a lump sum or a line of credit?
It really depends on your site has lots of info needs.This
http://viewbestdeals.com/lendingtree.html
It should help you choose what is best for your needs.
Line of credit is more flexible, use it when you need it and pay it back if you do. Interest payments only. General rate based on the prime interest rate. I like this choice personally.
Loan - fixed interest for a long period of time. greater payments with principal and interest.
Posted on January 13, 2010.
