Well this probably isn’t a good sign for the economy…… any other banks cutting off equity lines? - The Great Awakening

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Well this probably isn’t a good sign for the economy…… any other banks cutting off equity lines? (media.greatawakening.win)

posted 1 year ago by Bully_Solution 1 year ago by Bully_Solution +97 / -2

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– Bedminster 5 points 1 year ago +5 / -0

This happened under Obama when the housing market collapsed. Almost all banks stopped new HELOC loans and anyone that had them, they were canceled. So if you had a HELCO for 50k and only used 15k that was the loan amount, the rest was canceled.

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