For Aaron Horvath, a housing counselor who has spent much of the last five years advising homeowners on getting first-lien loan modifications, it feels like the other shoe is dropping.

Once again, homeowners are beginning to see their monthly payments go up, this time because their home equity lines of credit have reached the 10-year mark and are resetting. Instead of requiring just interest payments, the second lien becomes fully amortizing and the borrower has to pay both interest and principal each month for the first time.

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