Frozen HELOCs and the United First Financial Money Merge Account

One of biggest concerns for many Clients and Agents of the United First Financial Money Merge Account has been the issue of frozen HELOCs. I'm sure most people have heard the news of a number of banks freezing the HELOCs of their clients because of the decline in the housing market. Banks are literally preventing homeowners from taking money from their HELOCs since they feel people will borrow more then their properties are worth.The biggest problem is the banks aren't looking at individual situations. They are looking at which areas are labeled a declining market and then freezing the HELOCs of all their clients in those areas. So, even if a client has a $0 balance on the HELOC or made all payments on time, they can still fall pray to having their HELOC frozen and not being able to access their money. Since a HELOC is the number one Line of Credit used for the United First Financial Money Merge Account this is a big concern, however, don't fear as there is a way to get around this issue.

Call Juan
407 319-3369