All a HELOC is is a fancy marketing name for a loan. All it is is a loan.
The way you pay it back is through a line of credit and the terms agreed to.
It's sti ... more
I commend you on your efforts to not only keep the home (instead of walking away from it), but also to pay down the balance to keep from being underwater. Unfortunately, I' ... more
1) no peeling paint
2) windows must o ... more
You need establish credit or repair credit for lender approval.
Requires 2 years employment
3.5% or more down payment
Debt income ratio in balance
Money close ... more
Here is a link for more information about the program. It will tell you who is eligible and give you the forms you need to apply.