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From: merrill@raja.DEC
Newsgroups: net.invest
Subject: re: A Penny Saved ... Lets you borrow two pennies.
Message-ID: <790@decwrl.UUCP>
Date: Fri, 11-Oct-85 08:38:12 EDT
Article-I.D.: decwrl.790
Posted: Fri Oct 11 08:38:12 1985
Date-Received: Sat, 12-Oct-85 20:15:29 EDT
Sender: daemon@decwrl.UUCP
Organization: Digital Equipment Corporation
Lines: 8


Can I get a line of credit on my house as a "second" mortgage even if
I have just paid off the mortgage?  The convenience of drafting loans
as needed seems to be worth the extra interest points over what is 
charged as a "first" mortgage.

Thanks,
	Rick