Ed discusses a recent Business Week story No, You Can’t Borrow and the increasing restrictions on homeowner access to the cash in their home equity.

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One Response to No, You Can't Borrow

  1. William says:

    Yep, Chase Bank did the exact same thing to me. I had taken a $200K HELOC out in 2006. Two years later, I received a letter from Chase stating that they’ve closed the account because of their estimation that my home value has dropped significantly. All this after I’ve always paid on time.

    Now, I just make the minimum required payments…

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