But property investment guru? That’s a new one, for many.
There’s plenty of controversy surrounding the President of the United States of America. But before politics, Trump had a long history of property investment and development.
That’s essentially what a line of credit (LOC) or credit loan is. An LOC allows you to tap into your home’s equity when necessary, only paying interest on the amount you use.
Let’s look at how a line of credit works and whether or not taking one out is a smart move for you.