Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

I’m approved for a home equity line of credit. How do I obtain proceeds?

April 26, 2017Approved home equity I’m line of credit obtain proceeds

0

10 Posted

I’m approved for a home equity line of credit. How do I obtain proceeds?

2 Answers

0

10 Posted

A. You may opt for an initial advance when the loan closes. After closing occurs, you should receive credit line checks in two weeks or so, which you can use at any time to draw on your credit line account. You can also use your equity line proceeds for any purpose.

0

Posted

You may opt for an initial advance when the loan closes. After closing occurs, you should receive credit line checks in two weeks or so, which you can use at any time to draw on your credit line account. You can also use your equity line proceeds for any purpose.