MJS: Home equity lines of credit are starting to make a comeback (March 23, 2013)

The Milwaukee Journal Sentinel reports that HELOCs are starting to make a comeback as home prices stabilize in 2013. Low introductory “teaser” rates are common. A financial analyst notes that lenders have tightened their underwriting standards, typically requiring a 20% equity cushion. He observes “A lot of people that are taking out these home equity loans can be pretty well-to-do borrowers.”