We found this article in Smart Money to be very interesting. It deals with the growing number of banks that are once again offering home equity loans. Smart Money claims that “after more than three years, some lenders are cautiously re-entering the second mortgage market”, but to be careful because “borrowers could still end up underwater if home prices in their neighborhood drop”. To read this article by Smart Money, click the link below.
The Return of Home Equity Loans and HELOCs – SmartMoney.com
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