Here's the deal my husband and I own our home outright. We have lived here a little over 10 years. Our credit was good until the last 3 months. My hours got cut and we got behind. Basically, about half of our credit cards are late. Loans (car, 4 wheeler, personal loan all on time) To be frank, I do not know our exact scores. So we applied for a HELOC basically to pay off all the other loans and cards as well as do some work on our home. Naturally with the lower interest we will save quite a bit of money. They estimated our home value at 110,000 which is fine since we only applied for 55,000. My question is how long does it take to get some sort of response. It has been sitting there with no movement for 2 weeks now since we applied.The chase website states up to 30 days but we have not heard anything other than getting all of the privacy information in the mail.
Anyone here have any insight on this?
