Sentences with phrase «built little equity in their homes»

Not exact matches

Many of these borrowers had built up equity in their homes, but after pulling it out to pay everyday expenses, had little left and nowhere to turn when financing dried up.

In a paper last month, they proposed a new mortgage product that would allow home buyers to build equity faster than the standard 30 - year fixed - rate mortgage with little or no down payment.

But, in failing to do that, I hope at least that you begin to build a little wealth outside of your home equity and retirement accounts.

Often times, these consumers end up shelling out a lot of money in fees to the lender for little to no reward — in some cases, the veterans even see most of the equity they built up in their home stripped through the transaction.