Interest only Equity Line with 296K balanceThank you in advance for reading this..I am trying to help my elderly relative in figuring out what type of loan she has with BofA. She has a payment stub only for an "equity maximizer" account that is showing a colossol balance of 296K. She claims that she "may" have given power of attorney to a that a friend who was the family's accountant who was trying to help by getting rid if a fixed rate portion of the HELOC and replacing it with an interest only one to dramatically lower her payment. Her deceased husband apparently took out a huge equity loan out out against a paid off home. Questions...Is is even possible to have an equity line of credit this large? If so, how long do the payments remain low? What is the typically expiration date on HELOCs. She had no paperwork and the friend has refused to produce the paperwork that she signed on her behalf. Additionally, she had told her to not research it with BofA in case they start asking hert to pay more..I don't what accountant would say something like that. My mother in law is in good standing with the loan payments but we need a copy of the terms? How do we get that without talking to BofA? I don't know of any other way. I want to validate how long she will have these low payment for. She is fearful that there is a balloon that she is unaware oof. She also refuses to confront her friend even thought she thinks this is strange. She wants to rent her house out and needs assurance that the low payment will be covered by the rent.Any advice?.May 12 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.