“Reports Of My Death Have Been Greatly Exaggerated” ~Mark Twain (1835 – 1910)

History Revisited. Remember when the Home Equity Line of Credit (aka “HELOC”) was used as an ATM?  Need money for a remodel, new car, kid’s college education, debt consolidation, etc? No problem!  Your bank or mortgage broker was more than willing to give you one, along with a shiny credit card to draw down the available funds. All you needed was equity in your home, that is, the money represented by the difference between its current value and the total mortgage indebtedness against it. Continue reading “After Tax Reform, Are HELOCs Dead?”