Home equity line of credit warning: Fees can be reset after 10 years
April 14, 2015
Do you have a home equity line of credit or HELOC? On Monday, I received an email from Bankrate.com with information that HELOCs taken out during the housing boom can surprise borrowers with sharply higher payments when they’re reset. With HELOCs, the first 10 years – known as the draw... Read more →