Quote:
Originally Posted by Z3guy
^ homeline is pretty much a LOC, a secured LOC. I used to have a 2.7% LOC but RBC jacked it up on me 6 months ago to 3.2%. Don't know anyone getting a LOC below prime....
|
so the LOC is cannot be a fixed rate like a mortgage? Good thing about LOC is there's no limitations in how soon you can pay it off vs a mortgage right?