Not exact matches
For those who don't want to put their
home on the market or
deal with the hassle
of obtaining an
equity loan or
equity line of credit, a reverse mortgage is a great alternative.
For example, if the seller has a
home equity line of credit on top
of the mortgage, the
home equity lender not agreeing to the short sale could prevent the
deal from going through.
Have you ever stopped to think about how much money is dropping by your doorstep in the guise
of home equity lines of credit,
credit card applications, random loan
deals, checking account offers (at least, there's no evil catch
on this one) and such?
If you have two mortgages
on your property or maybe you have a mortgage and a HELOC,
home equity line of credit, these take extra time to negotiate as now there are two lenders to
deal with
on getting them each to take less than what you owe them.
(Reuters)- U.S. borrowers are increasingly missing payments
on home equity lines of credit they took out during the housing bubble, a trend that could
deal another blow to the country's biggest banks.