Voting Question: What are the advantages and disadvantages of a home equity line of credit vs. refinance with cash out?

My husband and I own our home. We purchased it over 6 years ago. (It was a repossesion) Got a great deal. Even in the slow market we probably have $100,000 in equity. The draw back with the repossesion is it needs some TLC. We need new windows and siding. These items are big ticket items. Probably about 25,000 together. Our current interest rate on the mortgage is 6.25%. Should we get a second mortgage, a heloc or a line of credit to tap into this equity? We both work and have decent credit.

Resolved Question: line of credit?

im trying to get a home equity line of credit.but it ask for my liquid assets.but i dont know what that means.can someone please tell me what liquid assets mean.

Resolved Question: Should I get a Home Equity Line of Credit?

I am buying a home. The mortgage broker tells me I can get a HELOC with zero closing costs in addition to the mortgage. I don't need it currently, but is it useful to get it for the future in case I need money? I am financially stable and have very good credit.

Voting Question: Is there such a thing called a "bridge loan" ?

I am looking into building a house. The problem is say I own a house worth x dollars and I owe less than the value of the house. I took out a home equity line of credit for the balance of the homes value. Now the problem is that land costs roughly the whole amount of the line of credit so if I buy the land I will have no money to start construction on the land I would now own. Is there a loan the banks can give me with next to no payments until the new house is built so I can sell the first to pay off the line of credit and the first mortgage?