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Fixed-Rate Loan Option at account opening: You may convert a withdrawal from your home equity line of credit (HELOC) account into a Fixed-Rate Loan Option, resulting in fixed monthly payments at a fixed interest rate. The minimum HELOC amount that can be converted at account opening into a Fixed-Rate Loan Option is $15,000 and the maximum.
According to the borrowers, they were all eligible for loan modification and repayment plans under the Home Affordable Modification Plan. Louisiana, Ohio, Texas and Pennsylvania. Also filed Monday.
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