Originally Posted by ziggy29
That would likely come with a higher (and variable) interest rate. Plus, the line of credit could be slashed or terminated by the lender at any time; we saw a lot of that circa 2009.
True, but if you have good credit and a smaller loan, they likely wouldn't cancel it.
I had $100k line on a $225k house and they didn't cancel. In fact, I reupped for another 10 years.
What closing costs are on the loan anyway?