No such as protection. Plus it try unusual having a bank to get an effective HELOC unless you are within the default which is the reason why people have no problem having them.

Anyway, that is why you have got the 3rd financial to start with! Explain the strange decision never to repay the credit card financial obligation when for this reason you’ve got the mortgage from the first place.

I realized HELOCs was for people who have repaid its mortgage and they are household steeped/cash bad

• React
• Respond which have estimate

This new banker could have lied to you because talk. They might enjoys told you they might only terminate brand new HELOC when you are inside the default, however, what is actually written in the loan records are the thing that is important. I don’t know as much as possible sue into the lying, however, We believe there is absolutely no area, because the they’ll merely part you to definitely men and women data files you signed. (I say you will, become lying as they told you they will just “call” funds in the standard. 続きを読む →