Mortgage companies can cancel home equity lines of credit and credit card companies can reduce your credit limit.
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This option is similar to a home equity loan, but with one key difference: Interest on home equity lines of credit (Helocs) are variable.
Branches bring in mortgages, home equity lines of credit, auto loans, small-business borrowings, certificates of deposit, credit cards--all products with fairly predictable income streams.
Letting borrowers replace low-interest fixed mortgages or even variable-rate home equity lines of credit with higher interest, compounding credit card debt is too risky in our still-shaky economy.
It was often to pay those rising costs that families accepted the home equity lines of credit and second mortgages that contributed so much to inflating the housing bubble.
Apparently they think this is a reasonable substitute for home equity lines of credit, since investors can no longer take equity out of their homes for cars, trips, and the like.
Other popular methods are borrowing money from family and friends, using home equity lines of credit, bank loans, Small Business Association loans, and even credit cards (Hisrich, et al., 2010, p. 310-313).
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They'll continue to push sales of interest-only refinancing loans, home equity lines of credit, as well as venture into other consumer-lending activities to soften the sting of falling revenue from making mortgage loans.
His goal was and continues to be to connect consumers with loan offers from multiple lenders a one-stop comparison shopping resource for mortgage offers, refinance options and home equity lines of credit.
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The maker of windows, doors and cabinets is seeing a lot of homeowners with cash to spend taking on projects, while younger owners who took on projects funded by home equity lines of credit or other borrowing during the boom years have been largely absent.
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With small business credit tighter than in the pre-recession era and options for personally financing new companies through home equity lines of credit, credit cards, or savings much more restricted than it once was, many of those reentering the labor force who would have considered starting businesses in more expansionary times are not thinking of starting businesses now.
Home-equity lines of credit allow borrowers to tap the credit line as needed, and the rate is typically variable.
In this case, the trusting widow had two home-equity lines of credit that were opened shortly after Boleancu became her financial advisor.
Anti-Deficiency Statutes often only work for original purchase money loans, and not for re-financed loans, or for home-equity lines of credit (HELOCs).
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Small regional banks, less diversified than their larger brethren and more exposed to riskier asset classes such as home-equity lines of credit and commercial real estate, are most at risk of running out of capital-raising options.
The cyclical challenges of a slumping housing sector, along with the accompanying slowdown in home equity loans and lines of credit, have long since been discounted in the stock prices of both Home Depot and rival Lowe's, analysts say.
The cyclical challenges of a slumping housing sector, along with the accompanying slowdown in home equity loans and lines of credit, have long since been discounted in the stock prices of both Home Depot (nyse: HD - news - people ) and rival Lowe's (nyse: LOW - news - people ), analysts say.
Rates on home-equity loans and lines of credit average about 6.4% and 5.1%, respectively, according to Bankrate.com.
Be warned: Cash-out refis as well as home-equity loans and lines of credit are harder to get now than before the recession, and most lenders require that at least 20% to 25% of equity be left in a home after making withdrawals.
Ms Whitney argues that small-business owners big users of credit cards and home-equity lines face a severe credit crunch as these crutches get yanked away.
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