Applying for a HELOC loan is extremely difficult in today’s market. Lenders have already trimmed lines and they’re anxious about taking on new borrowers, especially those without a stellar financial record. NY Daily News reports: “Looking to get a loan for school? A car? A house? Fat chance. Billions of dollars have flowed into bank [...] [...more]
According to a recent Consumerist post, it seems that a new batch of borrowers recently received HELOC freeze notices from Countrywide. Banks are getting less selective about who they choose and are now cutting off access for people with good payment histories and existing equity. In today’s market, lenders are freezing HELOCs just because the [...] [...more]
A new report from J.D. Power and Associates ranks home equity lenders according to the results of a customer satisfaction survey. As I reported earlier this week, overall customer satisfaction has improved since last year. However, not all HELOC lenders faired equally. Here are the results, on a scale of one to one-thousand: Bank of [...] [...more]
For months, HELOC borrowers have been complaining about frozen and reduced home equity lines. Now, a concerned congressman is asking lenders some tough questions. Representative Dennis Kucinich called the HELOC freezes “very disturbing.” “People have had their home equity lines suspended whether or not their credit is good or not, and whether they have sufficient [...] [...more]
Some urban areas are experiencing the worst of the bubble burst. Vegas is near the top of that list. Today, Bloomburg published an exclusive article claiming that Countrywide has suspended HELOC lines for pretty much all of their Las Vegas customers: “Homeowners’ pain is acute in Las Vegas, where property values soared 50 percent or [...] [...more]
Are you interested in taking out a Countrywide HELOC loan? This article will walk you through the HELOC products Countrywide has available and keep you informed of important updates. Countrywide HELOC Basics Lender Type : major bank Website : www.countrywide.com/equity Phone Number: 1-800-763-1054 Countrywide HELOC Loan Programs There are several options available to Countrywide HELOC [...] [...more]
