The Pre-Crisis HELOC Chickens Are Coming Home to Roost
Category: BUSINESS
Your loans were made at the height of the housing bubble, and looked like a great deal at the time. By using a HELOC as a "piggyback" second mortgage, you were not required to make a down payment or to purchase mortgage insurance.
By Jack M. Guttentag, ContributorProfessor of Finance Emeritus at the Wharton School of the Uni..., 2015-06-19