Sentences with phrase «owners borrow against their homes»
Moreover, home - equity financing that lets owners borrow against their homes hasn't taken off in China.
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Here is how it works: years ago, when home values were at their height, home owners used the equity in their home (s) to borrow against.
A Reverse Mortgage is a mortgage product that allows any home owner 55 years or older to borrow money against the value of their property.
In a reverse mortgage, the home owner borrows against the equity in the home, and the loan grows over time.
A wave of home owners reportedly are borrowing against their home's equity once again as home prices rise.
A stock drop would also be rough for owners of mid-range houses who borrowed against their home equity to play the stock market.
Many more home owners are finding themselves in this situation due to a number of factors, including job losses, aggressive borrowing against their home in the days of easy credit, and declining home values in a slower real estate market.
A reverse mortgage allows home owners to borrow against their home.