My HELOC was just yanked.

[HereWeGo]

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.

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?

[Enorah]

I once referred to a friend’s HELOC as a loan and she retorted, “It’s not a loan! It’s a line of credit.”

yikes

[Enorah]

I once referred to a friend’s HELOC as a loan and she retorted, “It’s not a loan! It’s a line of credit.”

yikes

[Enorah]

I once referred to a friend’s HELOC as a loan and she retorted, “It’s not a loan! It’s a line of credit.”

yikes

[Enorah]

I once referred to a friend’s HELOC as a loan and she retorted, “It’s not a loan! It’s a line of credit.”

yikes

[Enorah]

I once referred to a friend’s HELOC as a loan and she retorted, “It’s not a loan! It’s a line of credit.”

yikes

[patientlywaiting]

Nothing wrong with using leverage to increase purchasing power and standard of living. But everyone should have a cushion.

If that woman has no savings to a point she has might have a mechanics lien put on her house because she has no money to pay the contractor, then she had no business getting a new kitchen. No savings, house is nearly underwater, and putting in a new kitchen?!!

[patientlywaiting]

Nothing wrong with using leverage to increase purchasing power and standard of living. But everyone should have a cushion.

If that woman has no savings to a point she has might have a mechanics lien put on her house because she has no money to pay the contractor, then she had no business getting a new kitchen. No savings, house is nearly underwater, and putting in a new kitchen?!!

[patientlywaiting]

Nothing wrong with using leverage to increase purchasing power and standard of living. But everyone should have a cushion.

If that woman has no savings to a point she has might have a mechanics lien put on her house because she has no money to pay the contractor, then she had no business getting a new kitchen. No savings, house is nearly underwater, and putting in a new kitchen?!!

[patientlywaiting]

Nothing wrong with using leverage to increase purchasing power and standard of living. But everyone should have a cushion.

If that woman has no savings to a point she has might have a mechanics lien put on her house because she has no money to pay the contractor, then she had no business getting a new kitchen. No savings, house is nearly underwater, and putting in a new kitchen?!!

[patientlywaiting]

Nothing wrong with using leverage to increase purchasing power and standard of living. But everyone should have a cushion.

If that woman has no savings to a point she has might have a mechanics lien put on her house because she has no money to pay the contractor, then she had no business getting a new kitchen. No savings, house is nearly underwater, and putting in a new kitchen?!!

[JWM in SD]

JWM in SD

Here is all you need to know about what “Equity” really means:

Assets – Liabilities = Owner’s Equity

Accounting 101 my friends.

[JWM in SD]

JWM in SD

Here is all you need to know about what “Equity” really means:

Assets – Liabilities = Owner’s Equity

Accounting 101 my friends.

[JWM in SD]

JWM in SD

Here is all you need to know about what “Equity” really means:

Assets – Liabilities = Owner’s Equity

Accounting 101 my friends.

[JWM in SD]

JWM in SD

Here is all you need to know about what “Equity” really means:

Assets – Liabilities = Owner’s Equity

Accounting 101 my friends.

[Author]

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