Sentences with phrase «deal on a home equity line of credit»

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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.
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