Everything You Need To Know About Loans
|  Loan Dictionary  |    |  

  Equity Line Of Credit Definition
Equity Line Of Credit When you take out an equity line of credit, a revolving line of credit is issued to you and you will be able to borrow against that line of credit as funds are needed. Your credit limit will be determined by a combination of your credit history and the equity in your home. The lender who holds your equity line of credit will have a lien against your home for the maximum of the loan amount.
   
   
   


    Next Steps: Read Money Saving Loan Advice and Find Lenders with the LOWEST Loan Rates.
 
Mortgage Loans Home Refinancing Home Equity Loans Vehicle Loans Auto Refinancing



Home Loans & Car Loans Search

Home Refinancing | Home Mortgages | Home Equity Loans & Line of Credit | Auto & Motorcycle Loans | Auto Refinance Loans
Home - Loans | About EchoBay Loans | Loan Advice | SitemapCredit Report Help CenterDefinition Dictionary


Copyright© 2008, EchoBay Loans Company
Mortgage Refinancing Home Loans Home Equity Loans Auto & Motorcycle Loans Auto Refinancing Credit Reports