I can manage my home equity line of credit but it will mature.

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Question: I can manage my home equity line of credit but it will mature within the year and because things have tightened up so much and property values have dropped it is unlikely that I will get the financing again. What can I do. I cannot pay it off at this time.

Answer: -Right now there are lots of Loan Modifications going on. This is where the lender can modify the original loan terms to something that is more doable for you. You may want to check it out.

2 Responses to “I can manage my home equity line of credit but it will mature.”

1. Arizona Trustee Sales Says:
   March 25th, 2009 at 12:27 pm

   This site is very informative. How often does this get updated and will you have the new loan modification information on here when it comes out?

   Thanks
   Arizonats.com

2. Alan Nale Says:
   April 8th, 2009 at 9:04 am

   Good information, thanks.

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