Experience

Teaching Taiwanese since 2005 | FREE 30-minute trial classes available!

Bernard English

Bernard English
FREE 30-minute trial classes available!

Online English Tutor/Teacher

My photo
Native Speaker of American English Conversation practice. Chatting or in-depth discussion of news articles. TOEFL-IELTS practice / CV, SOP, journal paper, essay revision 英語家教 彈性排課, 免通勤, 托福, 職場英文, 履歷/論文修改…等。 請看我的學生推薦信。

Search This Blog

email: bernard.english@gmail.com

website: https://sites.google.com/site/taipeibm/
FREE 30-minute trial classes available!

Monday, July 7, 2008

The Home-Equity Door Slams Shut By Pat Mertz Esswein FROM Kiplinger's Personal Finance

Some 122,000 borrowers with Countrywide home-equity lines of credit, or HELOCs, received letters in January informing them that they could no longer withdraw funds from their lines. A few months later, thousands of customers of other major lenders -- including Bank of America, J.P. Morgan Chase, Citibank, SunTrust, USAA, Wachovia, Washington Mutual and Wells Fargo -- also received notice that their lines had been frozen or reduced.

It's a jolt to borrowers who have relied on their home-equity line as an emergency fund or an all-you-can-eat buffet.

Followers