line of credit

Many regional lenders’ businesses also tilt less toward loans like credit cards or lines of credit to big companies, which have floating interest rates that rise as rates do.

The interest payments on a cash-out refinancing are deductible if the money is used for home improvements, which is also the case for interest on a home-equity line of credit.

Traders like Badaba Ibrahim, who is from the Nuba Mountains in Sudan, are no longer able to extend lines of credit to fellow refugees.

Kachuck’s line of credit is tapped out and he’s had to draw hundreds of thousands of dollars from his retirement account to keep the business afloat.

A home equity loan or home equity line of credit might be options if the couple have good credit, sufficient income to make the payments and a cooperative lender.