knownothing replied to the topic LOC in the forum Finance 14 years, 11 months ago
After reading further in this forum, I got the impression that many posters agree that a LOC is practically the same as having a IO loan with offset, so am I correct is saying that if I do end up refinancing with a LOC (to get equity out of property) this in effect means my current loan needs to be increased to put that money into the LOC. So I…[Read more]