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枫下家园 / 住房话题 /
tor
急问, 如果把 mortgage 转成 secured credit line , 也是 5 年的 fix , 说是和 mortgage 的还法一样, 有人这么做过吗? 有什么隐患在吗?
-ca010406(shasha);
2003-6-12
(#1236860@0)
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My understanding of the line of credit is a totally open mortgage. There is a minimum monthly payment. Other than that, you can pay as much as you want, and whenever you want. You can alsotake out the amount of premium you have already paid upto the maximum limit at any time for any other uses you like, such as buying a car, or invest somewhere.
I have no knowledge of 5 year limitation, thought it were a forever thing.
-ado(老了咋办?穷不拉及地);
2003-6-12
{238}
(#1236917@0)
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Thanks, I may ask more from banker if possible.
-ca010406(shasha);
2003-6-12
(#1237055@0)
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You can't switch to another bank later
-lowmortgagerate(better service);
2003-6-12
(#1237186@0)