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- HELOCs: There’s Something Happening Here
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I’ve reviewed a copy of a memo from Sun Trust concerning HELOCs (Home Equity Line of Credit) that I believe to be authentic. In the memo, dated yesterday, Sun Trust announced new HTLTV (”HELOC Total Loan To Value”) restrictions in certain circumstances (like declining markets, new condominiums, 2nd homes), and they are apparently even eliminating their Flex Equity program completely in several key states (like Arizona, California and Nevada)….
Original Source
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17 May, 2008| housingblogs |
@ 23:06