How can i get rid of my home equity line of credit?

Ash asked:


I have done loan modification with my first mortgage.

Marian
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One Response to How can i get rid of my home equity line of credit?

  1. Mike says:

    Cindy

    If there is an outstanding balance of “zero” on your equity line, you can ask the bank issuing the line to cancel it. Effectively, what they do is reduce the available line to zero and close the account. If you still have a balance, the only way you can “get rid” of it is to pay it off and then follow steps above.

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