Not sure if this has anything to do with anything,but this just happened to us 2 weeks ago.
We get a letter from our Bank its one of the big ones,it says our Line 1 of credit that's our Home Equity loan or some might call it your second mortgage loan is being cancelled,we haven't used it in years so we thought that was the reason it's being cancelled ,so the following monday i call the Bank and ask why this is happening and she says the life of the loan has ended in which we've had it for over thirty years and i say ok,can we renegotiate the loan the old one was prime -1/4% in which you can't beat really,she says no were not doing that at the moment and i say in a loud voice ,you mean to tell me one of the biggest banks in the country is not doing Home Equity Loans and she says that's right,so i say will you send out a letter when you do these loans again ,she said yes that's what we'll do ,so we can still draw off of this loan until the end date ,but here's the jaw drop,the end date when you can no longer draw out is NOVEMBER 8TH 2024.three days after the Election.
Interesting… I'm curious if anyone else has an HELOC with a similar end date...?
John Titor alluded in 2001 MANY of the big banks and corporations that used to exist do not exist anymore in the relatively near future.
Elon musk said Facebook would not exist by 2030.
What is expected and/or likely?
I'm not sure exactly. Something shocking enough to serve as a catalyst to The Great Awakening...
Not sure if this has anything to do with anything,but this just happened to us 2 weeks ago. We get a letter from our Bank its one of the big ones,it says our Line 1 of credit that's our Home Equity loan or some might call it your second mortgage loan is being cancelled,we haven't used it in years so we thought that was the reason it's being cancelled ,so the following monday i call the Bank and ask why this is happening and she says the life of the loan has ended in which we've had it for over thirty years and i say ok,can we renegotiate the loan the old one was prime -1/4% in which you can't beat really,she says no were not doing that at the moment and i say in a loud voice ,you mean to tell me one of the biggest banks in the country is not doing Home Equity Loans and she says that's right,so i say will you send out a letter when you do these loans again ,she said yes that's what we'll do ,so we can still draw off of this loan until the end date ,but here's the jaw drop,the end date when you can no longer draw out is NOVEMBER 8TH 2024.three days after the Election.
Interesting… I'm curious if anyone else has an HELOC with a similar end date...?
John Titor alluded in 2001 MANY of the big banks and corporations that used to exist do not exist anymore in the relatively near future.
Elon musk said Facebook would not exist by 2030.