Home Equity Line of Credit - New Rules
Home Equity Line of Credit (HELOC) are a fantastic mortgage
option for investors as it allows investors to assess their property equity
immediately. Unfortunately lenders are changing their HELOC lending policies and
are making it harder to obtain HELOC mortgages. If you current have a HELOC
mortgage, KEEP IT! New rules will be reducing HELOC financing from 80% to 65%.
Credit Unions are not affected by the new guidelines.