Home equity loans are on the rise again as prices rise and confidence is returning to the economy. Homeowners with equity in their home are becoming more common now that the housing recovery is marching forwards again.
However, a cautious rhetoric remains as to both the purpose of a home equity loan and whether it is the right thing to do given the hesitancy on both sides of the credit equation.
Source: Realtor.com (May 13, 2013)
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