http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/ Up to Date Rate Info and More | California Current Sat, 11 Feb 2012 14:22:22 +0000 http://wordpress.org/?v=2.3.2 http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/#comment-61 Fed Attempts to Break the Ice off Frozen HELOCs | California Current Thu, 28 Aug 2008 05:55:17 +0000 http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/#comment-61 [...]  A HELOC is a line of credit and should be considered “potential” money. If you don’t want to deal with the risk of losing this credit line, explore the options of a traditional second mortgage. [...] […]  A HELOC is a line of credit and should be considered “potential” money. If you don’t want to deal with the risk of losing this credit line, explore the options of a traditional second mortgage. […]

]]> http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/#comment-56 Heindrick Mon, 25 Aug 2008 16:58:03 +0000 http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/#comment-56 @ liz : Great point, I've updated the HELOC highlights to point out this possibility due to decling California values and stricter lending guidelines. @ liz : Great point, I’ve updated the HELOC highlights to point out this possibility due to decling California values and stricter lending guidelines.

]]> http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/#comment-55 liz freeman Mon, 25 Aug 2008 16:40:15 +0000 http://www.californiamortgagerate.com/californiacurrent/heloc-vs-traditional-second-which-is-right-for-you/#comment-55 Another advantage of a fixed second mortgage over a HELOC is that the bank can't take it away once you get the money. In some areas of California, home values have declined and lenders have shut down HELOCS, cutting off borrowers' access to funds. They can't do that with a fixed second mortgage because you already have all the money. Another advantage of a fixed second mortgage over a HELOC is that the bank can’t take it away once you get the money. In some areas of California, home values have declined and lenders have shut down HELOCS, cutting off borrowers’ access to funds. They can’t do that with a fixed second mortgage because you already have all the money.

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