Jeanne M Gavish, GRI, SRES

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• 100 percent financing
• bank loan cut
• credit frozen
• credit line
• cut risk
• declining market
• declining value
• HELOC
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• Chill creeping into home-equity lines of credit

  MELVILLE, N.Y. – June 12, 2008 – Homeowners have been getting their home-equity lines of credit frozen or pared down by lenders trying to cut risks. It happened to dentist Michael Sherman, who can’t touch his $100,000 credit line for Read More... Posted Monday, June 16, 2008 2:29 PM by Jeanne Gavish, GRI, SRES | 0 Comments Filed under: declining market, home-equity line, mortgage cuts, credit frozen, suspending equity, home credit, homeowner, homeowner debt, home equity, property value, spending limit, late payments, line of credit, bank loan cut, HELOC, cut risk, 100 percent financing, declining value, credit line