Popular HELOCs are coming back

Home Equity Line of Credit (HELOC) is known as the homeowner’s ATM.  Since 2006, they were in decline.  Homeowner’s used HELOCs as their credit cards to buy luxury goods, vacations, and cruises.  After a brief hiatus, once again they are back in business. In 2012, HELOCs are expected to climb to $79.6 billion and to …