Home Equity Loans and Commercial Lines
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All outstanding debt will be considered when applying for any loan. The lender will look at your finances to see if you can afford to take on additional debt. In the case of a home equity loan, they will look at the total amount available, not the current amount owed. So if you owe only a few hundred, but the equity line is for $50,000, when you apply for the commercial loan the loan officer is going to look at it as if you owed the entire $50K because you could go out the next day and max it out.
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