Many believe that a major cause of the recent financial downturn in the economy was an overheated and overextended housing market. In many parts of the country, housing prices increased significantly over the course of just a few years, only to experience a significant decrease in value even more quickly. Many homeowners were caught off-guard by these price changes.
Some homeowners were hit doubly hard by the downturn, because they had taken out large home equity loans or home equity lines of credit when the market values of their homes were at or near their peak.... Articles Tagged ‘home equity loan’
Are Home Equity Loans a Bad Idea?
Many believe that a major cause of the recent financial downturn in the economy was an overheated and overextended housing market. In many parts of the country, housing prices increased significantly over the course of just a few years, only to experience a significant decrease in value even more quickly. Many homeowners were caught off-guard by these price changes.
Some homeowners were hit doubly hard by the downturn, because they had taken out large home equity loans or home equity lines of credit when the market values of their homes were at or near their peak....
Monday, November 1st, 2010
Many believe that a major cause of the recent financial downturn in the economy was an overheated and overextended housing market. In many parts of the country, housing prices increased significantly over the course of just a few years, only to experience a significant decrease in value even more quickly. Many homeowners were caught off-guard by these price changes.
Some homeowners were hit doubly hard by the downturn, because they had taken out large home equity loans or home equity lines of credit when the market values of their homes were at or near their peak.... 
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