As the economic picture worsens, many homeowners are turning to equity loans as a means of staying afloat. However, falling home values have put a crimp in many of these plans, and now, instead of being able to get an equity loan, many are finding that they actually owe more than the property is worth. […]
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Scottish Equity Loans Hang Tough
Posted on August 22nd, 2008 by Bright Light
Although the news on equity loans has been bad throughout the UK, it appears as though Scotland has been able to weather the storm to this point. There are much fewer defaults on equity loans in Scotland and property prices have not fallen quite as much as other values around the UK. Whether or not […]
Equity Loans Growing in Popularity
Posted on August 15th, 2008 by Bright Light
As homeowners struggle to make ends meet, it appears as though more of them are now seeking equity loans in hopes of paying their bills. However, as housing values drop, this may create a problem for those with outstanding equity loans. In addition, homeowners may not be able to get as large of an equity […]
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