Sunday, June 7, 2015

The $265,000,000,000 Wave That's About to Crush Homeowners

Millions of consumers will have to absorb a major hit to their household budget in the coming months. About $265 billion in home equity lines of credit (HELOCs) will enter the repayment period in the next few years, according to a study from Experian, and consumers may see their monthly payments spike — in some cases, triple or quadruple what they previously paid.

HELOC origination's soared from 2005 up until the start of the housing crisis, and because>>