Tag Archive | "heloc loans"

How Would a HELOC Freeze Affect You?

Thousands of borrowers have already received HELCO freeze notices. If you’ve escaped the HELOC freeze so far, it may be time to evaluate your finances and figure out how a frozen home equity line would affect you. Examiner.com reports: “…What is the purpose of the HELOC? If it’s a rainy day fund like it is [...] [...more]

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Need Emergency Cash? Credit Cards vs. HELOCs

Due to the troubled economy, many homeowners are looking for sources of emergency cash. If you need funds to get you through the next few months because of unemployment or other circumstances, consider the source carefully. Credit Cards: Using a credit card cash advance is an easy and quick way to withdraw a large sum [...] [...more]

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