As officials start to crack down on deceptive lending practices, consumers may get an edge when it comes to getting the truth about equity loans. Although there are many misconceptions out there, many consumers have been defrauded with bad equity loans, and have ended up homeless as a result. These new rules should put a […]
The simple guide to equity loans
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Equity Loan Problems Continue
Posted on July 10th, 2008 by Bright Light
As property value continue to plummet, many are regretting the equity loan that came with their house. The prevalence of the 125% mortgage convinced many that an equity loan was a good thing, but now that values on homes have dropped, consumers are now left with no equity at all. Trying to refinance that equity […]
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