 Quote:
Originally Posted by liveitup
Lien holders in 2nd position are in a VERY risky environment right now,which is why they are tightening their standards and freezing lines of credit.
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Only if the loan to value percentage is high, i.e, you have relatively little equity. If you have a high percentage of equity, the 2nd position lien holder is in a safe position, and you will have no problem getting a HELOC.
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