HELOCs Scheduled to Reset With Higher Rates Are on Underwater Homes

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RealtyTrac, released its first ever Home Equity Line of Credit (HELOC) Resetting Report this month, and the timing couldn’t be more critical. Homeowners who took out HELOCs during the real estate bubble are just starting to see their payments dramatically increase as the 10-year interest-only period ends. RealtyTrac Vice President, Daren Blomquist is back on the show to explain what this means for homeowners who are still underwater.
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CEO of Cardone Enterprises, Cardone Capital, international speaker, entrepreneur, and author of The 10X Rule & creator of 21 bestselling business programs, Grant Cardone owns & operates seven privately held companies and a $5.2 billion portfolio of multifamily properties. Named the #1 marketer by Forbes Magazine, Cardone is also the founder of The 10X Movement & The 10X Growth Conference, the world’s largest business & entrepreneur conference.

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