Did you remember that the home equity life of credit you took out before the hosing market imploded was set to amortize in ten years instead of the current interest only requirement? No? Well you are not alone. According to Equifax and the Wall Street Journal, those loans originated in 2005 and hence amortizing this year will see an increase of over $350 a month. For areas where the housing market hasn't recovered this could mean more delinquencies on second mortgages. Let your advisor know if you are holding on to a HELOC time bomb!