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Americans’ Home Equity Is Soaring — Here’s What You Need to Know – Home equity is generally a low-cost form of borrowing, in terms of interest rates, because it’s backed up by your home. You can generally get a home equity loan or line of credit for less than you.
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Veterans Pay High Price as Lenders Push Cash-Out Home Loans – Lenders, who can charge thousands of dollars in fees, are encouraging veterans to extract as much as 100 percent of their home equity. Many of the borrowers have poor credit and low incomes. of.
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Mortgage Delinquencies Continue at Record Low Rates – CoreLogic’s chief economist, Dr. Frank Nothaft, said: Solid income growth, a record amount of home equity and an absence of high-risk loan products put the U.S. homeowner on solid ground. All of this.