Those in their retirement that need to get a home equity loan to bolster their finances are finding it increasingly difficult. Falling home values have made banks unwilling to offer large home equity loans, and those that do are doing so at higher interest rates. For those with bad credit, it is nearly impossible to […]
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Home Equity Loan Lull
Posted on June 19th, 2008 by Bright Light
Although there are still homes that have home equity, few banks are willing to offer home equity loans to homeowners at this time. Many are blaming banks that are not offering home equity loans for the problems in the housing market, stating that without enough new loans there is no hope for the market to […]
Home Equity Loan Rates Climbing
Posted on June 13th, 2008 by Bright Light
Consumers seeking to get a home equity loan are finding that the rates keep going up. Two more banks announced this week that they were raising their rates and it appears as though many other banks will be following suit. The main problem with a home equity loan right now appears to be that home […]
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