For homeowners that have exemplary credit a lender may offer what is known as a 125 HELOC. A 125 HELOC is a home equity line of credit that is equal to 125% of the equity in the home. For some situations a homeowner may need as much cash as possible for a given [...]
If your HELOC (home equity line of credit) has been frozen, you are not alone. At least that is one positive in a very negative situation. With the credit crunch came the HELOC night mares that is leaving hundreds of thousands of Americans in the lurch with their home equity.
The reason your [...]