No. of Recommendations: 0
Hello Fool Friends,,

A few days ago I was looking around on a website called lending tree.com. They had enticed me with a television ad.. home equity rates as low as 4.75% .. I was interested in "just looking". On Saturday hubby gets a call from Heartland Home .. something or other saying they wanted to make us a loan offer but needed some additional information. T like our social security numbers, how much we owed and ect .. says his company actually will make loans as low as 4.5% to those with the best credit. I don't recall seeing the name of this company anywhere on lending tree nor did I fill out an application. I think I might have checked a box somewhere that said I might be interested in a home eq loan. He said they gained my information from THEIR website. Against my immediate.. NO THANK-YOU.. thought my dear husband said try it.. lets seed what they can offer. So this evening after 5 someone is to call with an offer. Stay Tuned. How does a home equity line work? My hubby had this thought .. could we take a home equity line and bounce out money when I get zero offers for credit cards, and bounce debt back in .. when the intro time expires ? Hubby is STUCK on the idea that having only one monthly payment is going to make life easier for us.. easier maybe but in debt way longer.

Cherie
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement