My current mortgage is for $228,000. my house is worth $300,000. I enjoy a $32,000 equity smudge of credit for?

Answers:
The lender who holds your mortgage probably gave it to you at closing when you were signing that huge stack of papers.
Usually relations apply for HELOC home equity lines of credit when they need to borrow for home improvements etc.
It is unusual to have a HELOC in need knowing why you have it.
Most HELOC's have an annual charge, I would close it if it does and you don't need to borrow any money.

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