Skip to main content
This Board Has Moved

This board has been migrated to our new platform! Check out the new home page at discussion.fool.com or click below to go directly to the new Board on the new site.

Go to the New Site
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
IIRC, many are callable and future advances can certainly be cut-off by the Lender

I haven't seen any that are callable.

I've seen that they can ask for full repayment if you are delinquent.

The lender being able to freeze the credit line at whatever has been withdrawn so far is in my experience common/expected.

I certainly agree it's a good idea to compare HEL options and HELOC options.
And I'd recommend checking your local credit unions - I have gotten excellent HEL/HELOC rates from credit unions.
Print the post  

Announcements

When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.