Hi there,
What is the diffrence between Loan and Line of Credit Loan ? Which one is better ?
Thanks in advance.
Quote:
Orginally posted by happy2004
Hi there,
What is the diffrence between Loan and Line of Credit Loan ? Which one is better ?
Thanks in advance.
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Pramod Chopra
Senior Mortgage Consultant
Mortgage Alliance Company of Canada
Yep, Pramod is right...
Line of credit is good for business.
For individuals, Its good to have. Its a proactive way to deal with those unexpected situations.
Dont make it a habit to use it though.... If u have ur desires under ur reins, take it..keep it...
And always consider what is right for u (using ur line of credit/load) based on what ur situation demands.
bison
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