Flush With Home Equity? Careful How You Spend It
It turns out that "during the second quarter, 74% of mortgage refinancings were 'cash-out' refinancings, the highest level since the fourth quarter of 2000, mortgage giant Freddie Mac said."
This has been attributed to multiple factors: low long-term rates, rising short-term rates which means less loan competition from credit cards, and from the general rise in real estate prices.
As usual, one should be cautious when deciding if the home eguity loan is right for you. This article explains some important questions you should ask yourself before you go ahead.
Flush with home equity? Careful how you spend it [USA Today]
This has been attributed to multiple factors: low long-term rates, rising short-term rates which means less loan competition from credit cards, and from the general rise in real estate prices.
As usual, one should be cautious when deciding if the home eguity loan is right for you. This article explains some important questions you should ask yourself before you go ahead.
Flush with home equity? Careful how you spend it [USA Today]
posted by The Prof at 10:30 PM
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