What
it is: These are usually a variant on home equity lines of credit
or home equity loans. Factors
to consider: There is a lack of uniformity in this part of the
lending market and the loan characteristics vary widely. Make sure you understand
all the contract details when taking this type of loan. This work sheet can get
you started.
Tip:
Use this work
sheet, "Questions to ask lenders," when interviewing lenders.
