What to Do if Your Lender Cuts Off Your HELOC Read A home equity line of credit lets you borrow money as you need it can be a great way to pay for a remodeling project or an education — unless the lender cuts off your line in the middle of a home improvement or when your kid is only halfway through college. When a Lender Can Close Your Credit Line Although you may have paid hundreds of dollars in fees to open your home equity line, chances are the fine print says the bank doesn’t need your permission to freeze, reduce, or shut down your line if: Read more: http://www.houselogic.com/home-advice/equity-loans/home-equity-line-of-credit-shut-down/#ixzz2ZQWu4U3O Read more: http://www.houselogic.com/home-advice/equity-loans/home-equity-line-of-credit-shut-down/#ixzz2ZQTmEelM Visit houselogic.com for more articles like this. Copyright 2013 NATIONAL ASSOCIATION OF REALTORS® … [Read more...]
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