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Product Description
Item 6392BF
The Federal Reserve has revised the Home Equity Line of Credit (HELOC) booklet, English version only. The revised Home Equity Line of Credit booklet is not a required change. Compliance is not being mandated at this time
The revisions to the HELOC booklet included:
New section: What if the lender freezes or reduces your line of credit?
Updated Cover
Updates to the Glossary
Updates to the Contact Section
English language version only
The Home Equity Line of Credit (HELOC) booklet is an easy-to-read tool for consumers to learn about home equity loans. The HELOC booklet, also known as the Home Equity Line of Credit booklet and the When Your Home is on the Line booklet, is published by the Federal Reserve and must be provided to borrowers at the time of application.
The HELOC booklet includes information on:
What is a home equity line of credit?
What should you look for when shopping for a plan?
Costs of establishing and maintaining a home equity line
How will you repay your home equity plan?
Lines of credit vs. traditional second mortgage loans
What if the lender freezes or reduces your line of credit?
Company name and address imprint is available - call office for details
Quantity discounts built into pricing. Call office at for large quantity orders
Pricing is for 100 booklets - Shipping is Free
Home Equity Booklet
Orignal From: Home Equity Booklet
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