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Home Equity Loans

Home Equity Loans

Millions of Americans Are Facing Consequences of Borrowing Against Their Homes When Values Were Inflated

As the value of homes continues falling, people have seen the equity in their homes wiped out.

In response, lenders are putting more restrictions on home equity loans, often by simply freezing loans and lines of credit, leaving millions of Americans in the lurch.
Ref. https://abcnews.go.com/GMA/Economy/story?id=4543085&page=1

Loans Equity Home

I can see how this can be a problem. I have both a mortgage and a Equity loan. I am not behind on either one and hopefully never will be.