Originally Posted by pb4uski
But you aren't getting it... there usually is not any right for a bank to call a HELOC... once they have funded the HELOC as long as you pay according to the contract there is nothing they can do to call/accelerate the loan, so I don't understand what the alleged "risk" is.
They may not be able to call the loan but they can and have cancelled borrowers ability to take additional draws against the equity if they believe the home value has declined. If this occurred when a borrower had an emergency the funds may not be available and that's the risk, I believe. If you had a very large % of equity available the risk would be reduced.
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