Had to share this quote from angrybear.blogspot.com:
"As long as the housing bubble doesn't burst, home equity lines should remain strong and remain safe," said Scott Stern, chief executive of Lenders One, a St. Louis-based cooperative of 60 mortgage companies that originate home-equity lines, including some that feature 100 percent loan-to-equity ratios. "As long as the bubble doesn't burst, there should be no serious problem."
(Thank goodness there's no chance that a housing bubble--could burst! Now, where can I get one of those 125% LTV ARMs?)
Miles