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Home Equity Loans and Lines of Credit 101 (HELOC)

What To Do If You Can't Afford The Payments On A Home Equity Loan

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If you cannot afford to make the monthly payment son  your home equity loan for any reason, speak with the lender(s) of both your mortgage and home equity loan about combining both loans into a new primary mortgage to lower overall costs.

If neither lender is willing to make the change, or to do so at a reasonable rate/amount, contact a mortgage broker to see what he or she can do to help.

When you calculate what you can save, include the costs associated with the refinance.

To learn more about mortgage refinancing, click here

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