Applied for a HELOC 8 weeks ago. We have over 700,000 in equity on our home and 805 credit score. We were approved for the loan but still have not closed. Why? Well they pulled title and claim that when we refinanced 5 years ago, the loan holder never released the lien. So I drove down to the county recorder department and pulled the reconveyance papers to show the loan indeed had been paid off and conveyed to next lender. I have no idea where they get their title information, but it simply does not correspond to the title records held by the state of California. I faxed Third Fed the documents, waited a couple of day, and then asked when we will close. No one has any idea. Our rep won't even ball park. This is crazy. If I weren't already two months in with the bathroom remodel nearly completed, I'd pull my app and go elsewhere. They have low rates, but you are best to look elsewhere unless you have plenty of time. (3-4 months)