HELOC Articles

HELOC Cancellation: Are You at Risk?

HELOC lenders are now realizing that they were overly enthusiastic about approving big credit lines for borrowers. As they try to reduce their risk exposure, some homeowners are getting a surprise notification that their HELOC has been cancelled.

HELOCs: Accentuate the Positive

A home equity line of credit (HELOC) can give you the financial flexibility you need-and you might even feel like singing about it.

HELOCs: Find The Hidden Fees

Life is all about taking the good with the bad. With a home equity line of credit (HELOC), just make sure that your mortgage has more good than bad when you're comparing potential lenders.

HELOC Suspension Shock

Several banks, reluctant to lend because of recent losses, now want ironclad reassurance that they'll be repaid. Many are suspending certain kinds of loans, including popular home equity lines of credit (HELOCs). If they do extend lines of credit, they're demanding higher ratios of underlying collateral, steeper fees and interest rates, and much more proof of credit and income.

HELOC: The Open-Ended Solution

When planning your financial future, the one thing you can count on is change. Unexpected life events can make the best-laid plans go awry. Flexibility is critical, and it's the main reason people choose an open-ended home equity line of credit (HELOC).

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