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Why are HELOC Lenders Advertising Non-Existent Loans?
The availability of no-doc and self-employed HELOCs has pretty much dried up. But, many HELOC lenders are still advertising these loans on their websites. For example, if you take a look at Wells Fargo’s main home equity webpage, you’ll see information for self-employed borrowers. Here are a few of the “benefits” that they claim to offer: - [...] [...more]