line of credit

[speck-chaser]

any of you guys have any experience with a line of credit? If so,whats the best company or best rates out there right now,with the lowest fees? Also,whats better home equity or personal line of credit?

[southern151]

I know that home equity interest is tax deductible whereas, I don't think that a personal line of credit is. Fact check it but, I am pretty sure that this is the case. God knows we can all use as many write-offs as we can get these days!

[Bucktail1]

Originally Posted by southern151

I know that home equity interest is tax deductible whereas, I don't think that a personal line of credit is. Fact check it but, I am pretty sure that this is the case. God knows we can all use as many write-offs as we can get these days!

That's correct. Home Equity loan/homeequity line of credit is the way to go over a personal line of credit. If you have any equity in your home, that's definitely the best choice.

[fishinpox]

me and my uncle "paulie" can hook you up!!

[speck-chaser]

Is that uncle paulie from the mob? lol. I am interested in getting something set up. I submitted some info to lending tree,but havent heard anything yet. Lemme know.

[fishinpox]

Originally Posted by speck-chaser

Is that uncle paulie from the mob? lol. I am interested in getting something set up. I submitted some info to lending tree,but havent heard anything yet. Lemme know.

im just joking !! you can re-fi your house for a lower rate and pull some cash out to pay for unexpected expenses.

[Bulleye]

That just depends on how much you are looking to borrow . I use Advancial Credit Union in Laf and have always just made a personal loan ( signature loan) for toys etc.. they always have the best rates but maybe thats cause they own everything I have (LOL)