Jan 15, 2009

When Your HELOC Freezes Over

From CNNMoney.com

Tens of thousands of homeowners have been shut off from their home equity line of credit (HELOC) as lenders try to stem losses from subprime mortgages.

Not all HELOCs will be frozen or downgraded, but you can be sure lenders will scrutinize every account - including yours.

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