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<blockquote data-quote="bdutts" data-source="post: 1311745" data-attributes="member: 29"><p>What kind of rate would you have received with the equity line? I haven't done what you are proposing to do with the equity line but in checking, I think the biggest obstacle would be if how much an adjustable rate equity line increases over time.</p><p></p><p>I had an equity line on the last house I owned (not for my current home) and used it for buying cars, upgrading the house, etc. but never to pay off the mortgage. I think it's a pretty good idea, though.</p></blockquote><p></p>
[QUOTE="bdutts, post: 1311745, member: 29"] What kind of rate would you have received with the equity line? I haven't done what you are proposing to do with the equity line but in checking, I think the biggest obstacle would be if how much an adjustable rate equity line increases over time. I had an equity line on the last house I owned (not for my current home) and used it for buying cars, upgrading the house, etc. but never to pay off the mortgage. I think it's a pretty good idea, though. [/QUOTE]
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