有没有LINE OF CREDIT的利息低于PRIME的?

[LostRabbit]

请问版主和各路朋友:

一个银行给我发了信,说可以按现在银行的PRIME RATE(5.25%),给我SECURED LINE OF CREDIT,LIMITATION 是75%的房子的价值.手续费150元我先付,如果在5-7三个月中BALANCE 超过15000,就返还这先付的手续费

我在琢磨这是否一个很好的DEAL?

我以前有个银行曾经给过我LINE OF CREDIT, 利息是PRIME+1.25%,我一直没有借过钱..

我如果现在再申请这个新的LINE OF CREDIT会不会影响我未来的CREDIT 额度?

谢谢

 

[dkwan]

secured line of credit, usually is at Prime, variable, means could change anytime.

1) Usually is no charge when signing up
2) Not necessary to use it if you don't wanted to

Line of credit, is something unsecured, usually is higher than prime.

To answer your finally question: If you already have the secured line of credit, why you still need regular line of credit?

To answer more of your question: If you had a line of credit before, you don't use it. It gives me a feeling that you are not a credit user. Then is there any other reason that you need such a secured line of credit?

Too many question you might not be clear. If you would like to discuss more, feel free to send me a private message.

 

[今天]

Just like there are so many different rates in a mortgage. The rate for Home equity line of credit can be different. Variable rate is usually the prime rate. However, the fixed rate (close or open) can be lower than the prime rate. I just got a much better fixed rate than 5.25%.
Most banks have their own "adjustment factor", which is
prime rate MINUS the adjustment factor.Try to shop around.