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Updated 4 months ago,
Heloc or Credit line whats the Difference when you have a multifamily
Hearing people say I have a credit line to pull money out incase i need it for a deal. Speaking to a banker just left me confused as she was tap dancing around the Question when i asked her to clarify. Am i looking to get a HELOC or a Credit line what's the difference or is it the same.
Banker wanted to see what it was for. Is it for rehab finally i said yes because i wanted to have it incase I needed it. But it sounds like thats not what they wanted to hear.
Any Bankers can you elaborate. HELOC or CREDIT line against your home. What's the Difference.
Graciaz
Angel