The CFPB updated the “What You Should Know About Home Equity Lines of Credit” brochure (HELOC Brochure). Per the CFPB, the HELOC Brochure was updated to align with the CFPB’s educational efforts, to be more concise, and to improve readability and usability. New features include clear instructions on how borrowers can use the HELOC Brochure to explore the borrower’s options, and a comparison table with examples of loans that utilize home equity and other sources of financing the borrower might consider (including closed-end credit). In addition, the CFPB expanded the tables for borrowers to compare 3 estimates. The updated HELOC brochure was published on December 16, 2022.
Click to view the CFPB HELOC Brochure – What You Should Know about HELOC’s: https://www.tenaco.com/wp-content/uploads/2022/12/CFPB-HELOC-Brochure-What-You-Should-Know-about-HELOCs-12-16-22.pdf
lick to view the CFPB HELOC Brochure – What You Should Know about Home Equity Lines of Credit: https://www.tenaco.com/wp-content/uploads/2022/12/CFPB-HELOC-Brochure-What-You-Should-Know-about-Home-Equity-Lines-of-Credit-12-16-22.pdf
