New Housing Crisis On The Horizon: HELOC Repayment
Short Sale Solutions
Now that the mortgage crisis is in the rearview mirror, there is a new problem that lies ahead… repayment of the Home Equity Line of Credit (HELOC). The interest only HELOCS that were taken out about a decade ago are now about to reach the 10-year point where borrowers will need to begin repaying the principal amount that is owed as well as interest.
Now that the HELOCS are on the horizon, homeowners also … Read More