Banks are Freezing Home Equity Lines Of Credit - Do You Need Yours To Sell Your House?
What would you do if your bank called to tell you that your home equity line of credit had been frozen or even cancelled? For most homeowners, shock would be the first emotion followed quickly by confusion. Why would banks be pulling the line of credit from homeowners who have had no trouble paying off the loan. Banks have recently been pulling home equity lines of credit from all applicants, even those homeowners who never tapped the line of financial credit. The number of homeowners who ha
Original post by Homes for Rent Blog