Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.
Mortgage Community Forums | Looking for Mortgage again | when you use your line of credit does it cancel out your homestead?

when you use your line of credit does it cancel out your homestead?

Posted on: 10th Oct, 2008 05:32 pm
My husband has a line of credit on our home. Our home is also homestead. If he uses the line of credit to purchase a new truck will it cancel out our homestead.
Hi glmont!

Welcome to forums!

No, the line of credit on your home taken to purchase a truck will never cancel your homestead.

Feel free to ask if you have further queries.

Sussane
smith.sussane
Posted on: 10th Oct, 2008 09:35 pm
Hi glmont!

Line of credit will never affect your homestead. They are totally different things and have no connection with each other.

Thanks,

Jerry
jerry
Posted on: 11th Oct, 2008 02:14 am
Page loaded in 0.084 seconds.