Skip to content
BOL Conferences
Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums Banker Forums Lending Compliance HELOC Modification
Thread Options
#2260373 - 09/28/21 09:47 PM HELOC Modification
mnbanker09 Offline
100 Club
Joined: Jan 2018
Posts: 128
If a customer wishes to modify their HELOC to increase their line amount, and our current rates are lower than when they opened their line, are we obligated to honor those rates since the modification is being completed?

Return to Top
Lending Compliance
#2260375 - 09/28/21 10:10 PM Re: HELOC Modification mnbanker09
rlcarey Online
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,393
Galveston, TX
Totally up to you as to what you want to agree to on a HELOC modification.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top

Moderator:  Andy_Z