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My Mortgage Blog

Direct from #KevinMroczek - Topic today - Line of Credit .

Many people ask me about a line of credit secured by their home. While there are many options in the market place, here is an example of one of the stronger deals:
-Max limit is based on 65% of the value of your home for a Home Equity Line of Credit(HELOC) as per Federal Government law. You can add a mortgage portion to the HELOC up to a total of 80% of the value of your home, as long as your income and math ratio's ...

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