| Description: |
Home Equity Credit Lines -- June 1992||Facts for||Consumers from the Federal Trade Commission||Using a credit line to borrow against the equity in you||r home||has become a popular source of consumer credit. And len||ders are||offering these home equity credit lines in a variety of|| ways.||You will find most loans come with variable interest||rates, some||come with attractive low introductory rates, and a few||come with||fixed rates. You also may find most loans have large||one-time||upfront fees, others have closing costs, and some have||continuing||costs, such as annual fees. You can find loans with l||arge balloon||payments at the end of the loan , and others with no b||alloons||but with higher monthly payments.||No one loan|| |
