College Confidential - View Single Post - Home equity line of Credit

momfromme · 12-06-2007, 12:15 PM

If you haven't used your line of credit, it hasn't reduced your equity. Once you use it, then your equity has decreased, leaving you with a lesser amount of assets (unless you hold it in some other form, such as a bank account).

12-06-2007, 12:15 PM	#3
momfromme Senior Member Join Date: Sep 2006 Posts: 1,021	If you haven't used your line of credit, it hasn't reduced your equity. Once you use it, then your equity has decreased, leaving you with a lesser amount of assets (unless you hold it in some other form, such as a bank account).
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