As housing values fall, many home owners are finding that their home equity lines of credit are suddenly being revoked. In some cases, properties have fallen $75,000 or more in value over the past few months and home owners are getting a nasty surprise. Wisconsin home owners have reported that this new revocation of home […]
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Home Equity Loan Availability Drying Up
Posted on April 2nd, 2008 by Bright Light
As lenders contemplate the housing crisis, few are willing to lend on home equity loans, since that puts them in second position to recoup if the loan defaults. With thousands of mortgages going into default every day, most lenders are sitting back and waiting for conditions to improve before agreeing to offer a home equity […]
Analysts Offer Advice to Home Owners
Posted on April 2nd, 2008 by Bright Light
The current real estate market in the UK is rather soft, thanks to the sub prime housing crisis, lowered property values and an unwillingness on the part of banks to grant mortgages. However, the home equity loan area is still strong and analysts are urging home owners to take advantage of this type of loan […]
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