A Bunch Of Information About Home Equity Loans

Got questions about home equity loans and home equity lines of credit (HELOC)? You’re not alone. Thankfully, Bankrate has tons of information about this very topic, and when we say tons… We’re not kidding. This should keep you busy for awhile. —MEGHANN MARCO

Dealing wisely with home equity [Bankrate]
Types of home equity loans
Hurdles facing home equity borrowers
Making home equity work for you

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  1. SueJ says:

    hello! I have a Home Equity Line of Credit that I pay back faithfully each month. A few months back, my statement indicated the bank had not received the prior month’s check. It turned out, the bank had transposed the account that was credited, and thus credited someone else’s account! After my bringing this to their attention, they DID credit my account, but not on the date the check was received, but on the date the credit was issued, a full 30 days after they had received my check! I’ve written to the back twice and received no reply. Where do I go next? Do I visit a local branch? Who can I complain to? Thank in advance for any help provided.