Real estate blog entries tagged with the freeze on home equity lines by Bryan Quinn (Eagle Nationwide Mortgage Company)

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Home : Blogs : Bryan Quinn : Bryan Quinn's Blog : Tag "the freeze on home equity lines"

the freeze on home equity lines: Home Equity Line changes - 02/14/08 08:12 PM

There's a growing trend among lenders that I feel compelled to tell you about. Several major lenders are freezing withdrawals from Home Equity Lines of Credit (HELOCs) – and I don't want you to be caught off guard by this development. Don't Get Burned by the HELOC Freeze HELOCs, though secured by your real estate, are treated by lenders as consumer credit. And just as a lender can revise the terms of your credit cards, or even cancel them, the same can be done with your HELOC. Previously, HELOC withdrawals were usually only frozen for reasons such as bankruptcy, declining credit … (0 comments)

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Bryan Quinn

Spokane, WA

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Eagle Nationwide Mortgage Company

Office Phone: 509

Cell Phone: (509) 220-5356

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