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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: FYI: Countrywide & Chase have frozen HELOC balances! Posted by hard money lender on April 06, 2008 at 5:46 PM In Reply to: Re: FYI: Countrywide & Chase have frozen HELOC balances! posted by Jerry - Ca. on April 06, 2008 at 11:35 AM thanks jerry, i was looking at it as being the lender, not the borrower. and that is exactly what i didnt like. i am supposed to have the full amount available for the borrower to use, but i only get interest income on the part that is used. the interest rate is high. and brokers like to claim that the borrower is almost always fully leveraged. but i just dont need to play those sorts of games, so i dont - lol. i am also wiling to bet that as an individual lender, i dont have the same clout that the banking industry has - lol. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : thanks jerry, : i was looking at it as being the lender, not the borrower. : and that is exactly what i didnt like. i am supposed to have the full amount available for the borrower to use, but i only get interest income on the part that is used. : the interest rate is high. : and brokers like to claim that the borrower is almost always fully leveraged. : but i just dont need to play those sorts of games, so i dont - lol. : i am also wiling to bet that as an individual lender, i dont have the same clout that the banking industry has - lol. [ 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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