How To Thaw Your Frozen HELOC - Consumerist Comments

How To Thaw Your Frozen HELOC

Juggernaut — Fri, 25 Apr 2008 12:42:11 EDT

@Snarkysnake: You've got a ggod point and to add to it, both of the hypotheticals are assuming the worst of the value drop is over. What if it isn't? What if they allow some of these addicts to assume more debt? Truly a lose, lose situation... for the lenders, borrowers, investors, government, neighbors...

Juggernaut

How To Thaw Your Frozen HELOC

Snarkysnake — Fri, 25 Apr 2008 12:10:29 EDT

@ADismalScience:

Gotta agree on this one. In many cases that I have read about lately,the lenders are really doing the borrowers a favor by not letting them get way overextended.The noise you hear in the media (including here) is the inevitable pain that results from taking the addictive substance (debt) away from the addict (debtors). Late,perhaps,but necessary if we don't
want sequel to what's happening with housing.

Snarkysnake

How To Thaw Your Frozen HELOC

ADismalScience — Fri, 25 Apr 2008 11:35:51 EDT

Better idea: don't thaw it! Keep the equity in your house!

ADismalScience

How To Thaw Your Frozen HELOC

stageright — Fri, 25 Apr 2008 11:07:31 EDT

Here's some real advice: Stop using your house as an ATM. Duh.

stageright

How To Thaw Your Frozen HELOC

thirdbase — Fri, 25 Apr 2008 10:59:51 EDT

That was a whole lot of nothing advice.

thirdbase