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You can contact your bank or financial institution for Housing Loan for buying a house, by using their line of credit.
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∙ 11y ago
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What is credit line?
CREDIT LINE - refers to purchasing power - translated into dollars your allowed to spend - not the same a cash! as in Equity line of credit - you own a house, your house is worth more then what is owed on it - therefore - you apply for a equity line of credit - you don't get cash, but you can use your equity to incur more debt..ie write checks from your mortgage bank to purchase Home improvements - cars - vacations - etc. Also some Retailers who use Mail order to sell products will send you an offer to apply for credit line and say you're credit worthy to the tune of $5,000 then they send you a Catalog, but you can only buy whats in the catalog.
What auto loan sources that will finance 144 months on a new car?
The best answer for this question is to use your line of credit to buy this vehicle if it is for personal use.
What is the difference between line of credit and revolving credit?
A line of credit is one type of revolving credit, which works similarly to a credit card. Both a line of credit and revolving credit have a set amount available to use, and when you pay down or pay off the amount, the credit is available for you to use again. A line of credit may use collateral to secure the loan, such as a business building, or it may be unsecured or without collateral, such as a credit card.
Line of Credit Payoff?
Line of Credit Payoff When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.
What do you use a credit card for?
you buy stuff with it
What is credit line?
CREDIT LINE - refers to purchasing power - translated into dollars your allowed to spend - not the same a cash! as in Equity line of credit - you own a house, your house is worth more then what is owed on it - therefore - you apply for a equity line of credit - you don't get cash, but you can use your equity to incur more debt..ie write checks from your mortgage bank to purchase Home improvements - cars - vacations - etc. Also some Retailers who use Mail order to sell products will send you an offer to apply for credit line and say you're credit worthy to the tune of $5,000 then they send you a Catalog, but you can only buy whats in the catalog.
What auto loan sources that will finance 144 months on a new car?
The best answer for this question is to use your line of credit to buy this vehicle if it is for personal use.
How to Buy a House with No Money Down?
During the housing boom, it was easy to buy a house with no money down. However, the disastrous consequences of that have caused lending to be tightened. The best way to buy a house with no down payment in today's market is to purchase a small house and use a loan with large, stable payments. This reduces the risk to the bank, and makes it clear they will get their money back. It is necessary to have good credit as well, so one should repair their credit or cultivate good credit beforehand if they want to buy a house in such a manner.
Can you buy a house if one party has filed bankruptcy but the other hasn't?
Yes, provided you use ONLY your credit for the loan.
What is the difference between line of credit and revolving credit?
A line of credit is one type of revolving credit, which works similarly to a credit card. Both a line of credit and revolving credit have a set amount available to use, and when you pay down or pay off the amount, the credit is available for you to use again. A line of credit may use collateral to secure the loan, such as a business building, or it may be unsecured or without collateral, such as a credit card.
Line of Credit Payoff?
Line of Credit Payoff When will your line of credit be paid off? Use this calculator to see what it will take to payoff your line of credit, and what you can change to meet your repayment goals.
You were approved today for emerald line of credit so can you use the credit today?
Yes I had the line of credit twice and you can use it the same day after 1 hour of receiving it.
How do you use a credit card?
to buy marchindise
What do you use a credit card for?
you buy stuff with it
What do you use credit cards for?
to buy things!!
What are some good websites that help you build credit?
I would not use the Internet i would use a bank that you have a checking account with to open a line of credit like there own credit card. They know how much money you normally have and that you pay your bills. I did this and my credit score in 1 year was high enough to buy my home.
What are acceptable and unacceptable ways to use credit?
An acceptable way to use credit is to buy groceries and clothes. An unacceptable way is to buy a tank or Australia with it.
