Sentences with phrase «modification of their home equity line of credit»
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If you need to make some modifications to make it easier to stay in your home, but your best source of cash is tied up in the house itself, opening a line of credit through a Home Equity Conversion Mortgage (HECM) may be your best home, but your best source of cash is tied up in the house itself, opening a line of credit through a Home Equity Conversion Mortgage (HECM) may be your best Home Equity Conversion Mortgage (HECM) may be your best bet.
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The Second Lien Modification Program, in conjunction with HAMP, enables borrowers to lower the payments on the home equity line of credit.