Re: Pros/Cons Line of Credit - Posted by Dave B
Posted by Dave B on April 06, 1999 at 17:43:58:
DAYUM, if OZ is the same OZ (kansas) I live in, where are you gettin that? I work with Community Bank in Liberty MO, I get 100% purchase finance, but have to have fix up money of my own, or credit to obtain it independent of community bank. The Line of credit I’m workin towards is a totally secured, and the fee will be a 2% spread above what I receive on my security deposits. If the security isnt liquid, such as real estate, I think the percentage is 2% above prime.
Id use that line of credit for sure! Wish I could get it… Unsecured? I’m A credit, and need security. Good job.
Dave B (in Kansas OZ)