Rising home values mean that homeowners are getting richer. Now, the amount of equity available to homeowners is at an all-time high, according to mortgage industry solution provider Black Knight Financial Services.
HELOC borrowers could soon find their payments increase
December 9, 2016 by
Homeowners who have home equity lines of credit, called HELOCs, could be in for a nasty shock when their monthly payments increase suddenly.
Impending HELOC rates reset causes concern
March 10, 2015 by
Millions of home equity lines of credit that were popular between 2005 and 2008 are scheduled to reset to higher interest rates soon, which could put many borrowers at risk.
