Mortgage Refinance and Home Equity Loans
mortgage refinance and home equity loans explained below!
I wanted to make yet another short post because I feel that with the last mortgage refinance video, I neglected to fully talk about mortgage home equity loans properly. Home equity mortgage loans are actualy a form of second mortgage. Think of them as a line of credit that you draw on, based on the equity you have in your home.
The problem is, that many people have NO equity left in their home, so they can’t refinance OR even get a home equity loan to boot! I want to point out how crazy this entire mortgage refinance situation is, so that you can fully appreciate and understand this all. So strap yourself in and learn about a new kind of mortgage loan, the home equity loan!
I also want to highlight the fact that this loan definitely ties into the mortgage refinance crisis in its own way, it is not totally innocent. And I also want to let you know, that 90% of the home equity mortgage loans out there, are being recalled, or they already been recalled, due to ever decreasing home values in the United States.
Lastly, I want to make it clear that I did not manufacture this mortgage related video myself, I am simply borrowing it 
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