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With home values ballooning upwards in dozens of markets across the U.S., an already-popular real estate finance tool has begun to produce loan origination volume that is off the charts.
New home equity credit lines taken out at banks and mortgage companies soared by 77...
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Tap your equity before you are laid off if you plan to get a second mortgage to see you through hard times.
That's good advice because, barring some special collateral deal or other unique underwriting provision, lenders aren't likely to loan you any money if you are...
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A day after a Federal Reserve Chairman Alan Greenspan confidant Federal Reserve Board Governor Donald L. Kohn dispelled forecasts of a housing bubble, Greenspan bolstered Kohn's argument by focusing on the strength of the mortgage market.
After extracting hundreds of...
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With consumer debt at an all-time high, San Diego-based Institute of Consumer Financial Education (ICFE) has joined the growing chorus of experts warning consumers about squandering equity.
Too often, consumers with high credit card and other debts turn to their...
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Consumers enjoying increased equity in their home don't always make the best decision about how to tap their equity.
In a recent survey, during the first quarter of 2000, 79 percent of Freddie Mac-owned loans were refinanced with loans that were at least 5 percent larger...
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There is a "vicious dog" that threatens unwary homeowner associations. It's called the "Home Equity Loan". It doesn't even belong to the association but the community homeowners. It looks pleasant enough and promises never to bite. Some of your neighbors have acquired it...
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