HELOCs Scheduled to Reset With Higher Rates Are on Underwater Homes

RealtyTrac, released its first ever Home Equity Line of Credit (HELOC) Resetting Report this month, and the timing couldn’t be more critical. Homeowners who took out HELOCs during the real estate bubble are just starting to see their payments dramatically increase as the 10-year interest-only period ends. RealtyTrac Vice President, Daren Blomquist is back on the show to explain what this means for homeowners who are still underwater.

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