- This topic has 200 replies, 24 voices, and was last updated 16 years, 7 months ago by
Anonymous.
-
AuthorPosts
-
February 23, 2008 at 3:09 PM #158791February 23, 2008 at 4:58 PM #158497
davelj
ParticipantIf I were running the banks involved, I’d be slashing HELOC availability too. And probably a hell of a lot more draconianly (ok, I made that word up) than they have so far.
Last time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
But that’s just me.
February 23, 2008 at 4:58 PM #158790ParticipantIf I were running the banks involved, I’d be slashing HELOC availability too. And probably a hell of a lot more draconianly (ok, I made that word up) than they have so far.
Last time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
But that’s just me.
February 23, 2008 at 4:58 PM #158798ParticipantIf I were running the banks involved, I’d be slashing HELOC availability too. And probably a hell of a lot more draconianly (ok, I made that word up) than they have so far.
Last time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
But that’s just me.
February 23, 2008 at 4:58 PM #158808ParticipantIf I were running the banks involved, I’d be slashing HELOC availability too. And probably a hell of a lot more draconianly (ok, I made that word up) than they have so far.
Last time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
But that’s just me.
February 23, 2008 at 4:58 PM #158881ParticipantIf I were running the banks involved, I’d be slashing HELOC availability too. And probably a hell of a lot more draconianly (ok, I made that word up) than they have so far.
Last time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
But that’s just me.
February 23, 2008 at 5:14 PM #158517vizcaya
ParticipantI have freinds that took money out, and since they didn’t sell last year when I told them to, now they are stuck with a first mortage, and Heloc, and a home that is valued less than what they owe. Now they will be unable to take advantage of the crash, and possibly move up. They will be “Stuck” to that home for many years.
My freind’s reason for not selling when I put my home on the Market early last year, was the homes will appreciate to 500k within a few years. Which was the reason the Heloc seemed like a good idea.
February 23, 2008 at 5:14 PM #158810ParticipantI have freinds that took money out, and since they didn’t sell last year when I told them to, now they are stuck with a first mortage, and Heloc, and a home that is valued less than what they owe. Now they will be unable to take advantage of the crash, and possibly move up. They will be “Stuck” to that home for many years.
My freind’s reason for not selling when I put my home on the Market early last year, was the homes will appreciate to 500k within a few years. Which was the reason the Heloc seemed like a good idea.
February 23, 2008 at 5:14 PM #158820ParticipantI have freinds that took money out, and since they didn’t sell last year when I told them to, now they are stuck with a first mortage, and Heloc, and a home that is valued less than what they owe. Now they will be unable to take advantage of the crash, and possibly move up. They will be “Stuck” to that home for many years.
My freind’s reason for not selling when I put my home on the Market early last year, was the homes will appreciate to 500k within a few years. Which was the reason the Heloc seemed like a good idea.
February 23, 2008 at 5:14 PM #158830ParticipantI have freinds that took money out, and since they didn’t sell last year when I told them to, now they are stuck with a first mortage, and Heloc, and a home that is valued less than what they owe. Now they will be unable to take advantage of the crash, and possibly move up. They will be “Stuck” to that home for many years.
My freind’s reason for not selling when I put my home on the Market early last year, was the homes will appreciate to 500k within a few years. Which was the reason the Heloc seemed like a good idea.
February 23, 2008 at 5:14 PM #158901ParticipantI have freinds that took money out, and since they didn’t sell last year when I told them to, now they are stuck with a first mortage, and Heloc, and a home that is valued less than what they owe. Now they will be unable to take advantage of the crash, and possibly move up. They will be “Stuck” to that home for many years.
My freind’s reason for not selling when I put my home on the Market early last year, was the homes will appreciate to 500k within a few years. Which was the reason the Heloc seemed like a good idea.
February 23, 2008 at 5:25 PM #158522HereWeGo
ParticipantLast time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
If the HELOCs are securitized, do the banks still have a self-interest in cutting the HELOC? Are the HELOCs being cut mostly on the banks’ balance sheets?
February 23, 2008 at 5:25 PM #158813ParticipantLast time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
If the HELOCs are securitized, do the banks still have a self-interest in cutting the HELOC? Are the HELOCs being cut mostly on the banks’ balance sheets?
February 23, 2008 at 5:25 PM #158824ParticipantLast time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
If the HELOCs are securitized, do the banks still have a self-interest in cutting the HELOC? Are the HELOCs being cut mostly on the banks’ balance sheets?
February 23, 2008 at 5:25 PM #158835ParticipantLast time I checked, the “E” in HELOC stood for “equity.” Thus it stands to reason that if the “E” is declining then the “LOC” should decline in many instances as well.
If the HELOCs are securitized, do the banks still have a self-interest in cutting the HELOC? Are the HELOCs being cut mostly on the banks’ balance sheets?
-
AuthorPosts
- You must be logged in to reply to this topic.