Lenders Stop Offering Home Equity Loans and Lines of Credit
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2007-08-30 — efinancedirectory.com
" Borrowers hoping to use their biggest asset as a piggybank are in for a rude awakening. Defaults in the home equity sector are on the rise, investors are backing away from second mortgages, and many lenders have stopped offering home equity loans and home equity lines of credit. "
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