Are HELOCs doomed?

Q: Do you think banks will cut off all equity lines of credit? We have an established equity line set with a major bank. The bank also holds our mortgage.

With the economic uncertainty and most of my income coming in the form of a commission, we may have to dip into our existing equity line of credit for living expenses.

We hope this won't be the case, but we're worried that our bank will cut off our line of credit.

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