Here are some reasons why equity home line is attractive to many borrowers:
1. Interest rates are typically low with this specific type of revolving credit.
2. There are big chances of tax deduction on equity home line payments, which minimizes the chance of extra expenditure.
3. You can qualify for these, even with a poor past credit report.
4. Here you can get a large credit for purposes like reconstruction of your home, to pay tuition fee of your chidren or to consolidate high rate debts, which are creating headache to you.
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