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Reply: 2.1.1.1.1.1.1.1.1 From: Michael G Hi again, You can open a LOC for anything you want. But you better know what you're borrowing the money for because you can only claim a deduction for the interest if the loan is for INCOME PRODUCING purposes. So if you want a LOC for buying a car...

Reply: 2.1.1.1.1.1.1 From: Michael G Hi, Okay the fundamental thing you need to understand about borrowing are the terms "security" and "collateral" which are basically the same for this discussion. Banks will lend you any amount of money for pretty much anything, as long as their risk is...

Reply: 1 From: Michael G Ask him for a free independent valuation when you get the pre-approval :) Michael