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A Wake-Up Call on Home Equity LoansWashington Post, United States - 27 Aug 2008Because a borrower's home serves as collateral for a home equity line of credit, a drop in its value puts the loan at risk. As a result of declining home ... |
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How to raise money when times are toughIndependent, UK - 17 hours agoBecause you get an equity loan for part of the cost and a mortgage for the remainder, you don't need a deposit. "Alternatively, you may have to consider ... |
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S&Ls given warning about freezing creditMinneapolis Star Tribune, MN - 26 Aug 2008That "significant" decline is generally viewed as a 50 percent drop in the home price from the time when the home equity line of credit was offered. ... |
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Unlocking your home equityCNNMoney.com - 27 Aug 20085.3% for home-equity lines of credit - but reverse mortgages are "rising debt" loans: The interest you owe is tacked onto the balance, eventually becoming a ... |
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Wachovia cutting home-equity credit linesBlinq, PA - 27 Aug 2008Wachovia credit-line customers whose home equity has declined 50 percent or more received letters in the last several weeks saying that their credit lines ... |
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5 questions about the new housing billStatesman Journal, OR - 29 Aug 2008The housing act allows the US Treasury to offer Fannie Mae and Freddie Mac an unlimited line of credit until the end of 2009, and it can also buy their ... |
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