As housing values continue to fall, the availability of equity loans is also falling. Homeowners trying to improve their houses, or get money to pay off debts are finding it increasingly difficult, if not impossible to get an equity loan. Banks are simply not willing to risk offering equity loans until the property value slide […]
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Equity Loan Rates Going Up
Posted on June 19th, 2008 by Bright Light
As fears of negative equity sweep across the UK, consumers are finding it increasingly difficult to get an equity loan. Falling property values have left many consumers stranded and the banks that had offered them equity loans have little recourse if the loan goes into default. Although many had hoped that the equity loan market […]
Equity Loans for High Value Properties Harder to Find
Posted on June 13th, 2008 by Bright Light
Even those sitting on high priced properties are finding it increasingly more difficult get an equity loan. Although many had though that the rich would not be affected by the housing crisis, trouble does appear to be creeping into this sector. While those with high value properties were usually a shoe in for an equity […]
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