1. You might be putting your residence at risk Credit freezes: Even if the loan isn’t really ended, the financial institution can freeze your own line of credit in certain situations, such if the house’s value drops below the amount it was appraised to own when you got the actual HELOC. Which means you can don’t use the HELOC currency your have been counting on. Is good HELOC a good idea? Hell no! A HELOC is not necessarily the stress-totally…