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Updated 15 days ago on . Most recent reply

User Stats

78
Posts
40
Votes
Frankie Betancourt
  • detroit, macomb
40
Votes |
78
Posts

Can HELOC Lender ask for Full Payment Whenever?

Frankie Betancourt
  • detroit, macomb
Posted

Ok to keep it short i have 4 HELOCS on 4 different properties fully paid off and was thinking about getting another HELOC But it just Occurred to me can my Lender ask for the FULL amount whenever they please before the 30 year contract i have with them? As in the company is going out of business or the company is doing poorly can they demand full payment?? if so i really dont like this idea and may not barrow again as i will loose everything because i would not have the FULL amount to pay off 4 Properties

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