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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: FYI: Countrywide & Chase have frozen HELOC balances! Posted by Jerry - Ca. on April 06, 2008 at 11:35 AM In Reply to: Re: FYI: Countrywide & Chase have frozen HELOC balances! posted by hard money lender on April 05, 2008 at 8:50 PM : is that common with helocs ? i am approached all the time with them, but dont even consider them. : cuz i dont want to be obligated to the full loan amount, while only getting interest on some portion of it. : i had no idea that it could be frozen. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX HML: I had no idea they could suspend/freeze the unused balance of your line of credit either! Just for your info. ... you only pay interest on the amount of the HELOC funds you use ... NOT the enire approved borrowing amount! Jerry-Ca. Follow Ups: Re: FYI: Countrywide & Chase have frozen HELOC balances! hard money lender 5:46 PM, 04/06/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : is that common with helocs ? i am approached all the time with them, but dont even consider them. : : cuz i dont want to be obligated to the full loan amount, while only getting interest on some portion of it. : : i had no idea that it could be frozen. : XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX : HML: : I had no idea they could suspend/freeze the unused balance of your line of credit either! : Just for your info. ... you only pay interest on the amount of the HELOC funds you use ... NOT the enire approved borrowing amount! : Jerry-Ca. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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