How to handle a HELOC reset
If your home equity line of credit has or is about to reset causing your mortgage payments to increase, there may be government programs or mortgage relief options available to you:
- Second lien forgiveness
- HARP 2.0 refinance for underwater mortgages
- Second mortgage loan modification
- Plus more..
Credit.org is here to help you navigate the available options and hold your hand the whole way through the process.
Get HELOC reset help
As a HUD-approved housing counseling agency, credit.org offers FREE one-on-one assistance if you are facing a financial hardship from a HELOC reset. When you call, your counselor will help determine which mortgage relief programs you quality for and then help you apply for them.
Priority HELOC counseling from credit.org gets you::
- A priority counseling request
- A customized action plan
- Personal assistance in applying for any mortgage relief options that you qualify for
Frequently asked questions about HELOC resets
Credit.org has compiled an extensive database of knowledge about HELOC resets from the past several years of counseling homeowners through the recent housing crisis. Here you can learn more about:
- Loan payments and default
- Refinancing and loan modifications
- About the qualifications and the available mortgage relief programs
- About credit.org HELOC reset counseling
A new wave of U.S. mortgage trouble threatens
“More than $221 billion of HELOC loans at the largest banks will reset over the next four years, about 40 percent of the home equity lines of credit now outstanding.”
Credit.org offers experienced advice to homeowners
Credit.org has helped over 250,000 homeowners during the recent housing crisis. We are committed to providing financial education, housing counseling, and access to government programs to assist struggling homeowners.
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