Pre-crisis HELOC chickens are coming home to roost

Posted on Jul 15, 2015 in HARP Refinance

Pre-crisis HELOC chickens are coming home to roost
If they took the HELOC in a separate transaction after their home purchase, more about remedy rather than as part of the purchase transaction, order any subsequent refinance is classified as "cash-out," subject to a higher interest rate and to a 15 percent equity requirement …
For more informaiton please visit here…