A Look At Home Equity Loans
Ruth Simon of the Wall St. Journal takes a comprehensive look at the current state of home equity lending and what some banks are doing to keep their home equity lending business growing with promotions, special deals, etc. in the face of higher interest rates. This has become a big business for banks as "balances on home-equity lines of credit have climbed 71% to $543.2 billion over the last two years."
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