HEL or HELOC - The Hull Truth - Boating and Fishing Forum

Looking to make an addition to the house (convert screen porch to sunroom and open up wall), about 20K, I'll probably pay 10K in cash and finance the rest. Any advice on whether to get a home equity loan, or a home equity line of credit? Any pros/cons to one or the other?? Thanks for any advice.

Also, as far as general contractors, we got 3 bids, all within 1K of each other. 1 large company, 1 mid size, and 1 self employed/businer owner contractor. Any recommendations on which to go with? I have my preference, but any real world experience advice would be welcome.

Source: http://www.thehulltruth.com/dockside-chat/475304-hel-heloc.html

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