HELOC

Summer -- Where at in Florida are you? I may be able to help depending upon your location. Andrew 813 601 0221

Yes there are options. You are looking to refinance. You have a mortgage, the fact that it is a HELOC doesn't matter other than it may be considered a cash out refinance.A few questions have to be answered before options can be determined. Is you credit ok, what is the value of your home compared to what you owe and do you have income to qualify for a refinance? If all of these issues are o.k, then you should look at refinancing into a 30 year mortgage to keep your payments low. I would suggest starting with BofA as they may have a streamline refinance or a modification available. They don't want to own your home so it is in their best interest to work with you. -DB

there are some other options.. it will depend on your credit .. email to yourloanpartnerforlife@live.com do you have a business ???

B of A will renew but you will have to re qualify, most likely your heloc will convert to a fixed 15 or 20 year loan if you don't re qualify with them unless you have some other type of Heloc, are you sure it's a balloon?. If you give me a call I will go over everything with you and help you with your options. Don't wait call as soon as you can. What is you home worth right now? Call us or email us at 800-991-5309 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny.

Typically, HELOC's have a draw period for 10 years, and then they convert to a fully amortized 20 year loan. It's unlikely you have a "balloon payment", but to be sure, just ready your original security agreement.. if you cannot find it, contact BofA and ask them for a copy.. also, the law now requires lenders to work with you if you are unable to make your payments, so if there is a balloon payment, then it's possible the lender will allow you to extend the HELOC or possibly allow you to refinance it even if your underwater.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com