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tisaZ

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Home equity line vs fixed mortgage
Is it better to do a home equity line of credit or a fixed mortgage for your credit report?

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Not sure which one is better for Credit Report,

We have a 50k Equity line of Credit on our Condo,  have used it 2 or 3 times now in the past.   Pay it off as quick as we can.   With a Mortgage you are paying monthly.   With the Line of Credit  use it when you need it other wise it shows on your credit report.

Bank in Jan 2011 had total credit line of 200 dollars.

Today have 50k line of credit on home,  and 50k in credit on credit cards,   and owe 0.   Trying to keep it that way.

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