Sentences with phrase «people borrowing against their homes»

These high - risk loans led to a large number of new homebuyers, which drove up housing prices, which led to people borrowing against their homes and eventually, the housing «bubble» would burst.

Not exact matches

Rabidoux says he works with mortgage brokers who tell him these unregulated mom - and - pop lenders grew from 4 % of their total volume in 2014 to 33 % this year: «I know people who borrowed against their homes to invest in these mortgages.

Some people put their life savings into the plan, and even borrowed against their homes.

People ran up debts to buy better homes, and then borrowed against the rising market value of their property to pay off the credit - card debt that was financing much of their rising consumption.

At least half the mortgage defaults are not by people who truly can't pay their mortgages, rather they are by «strategic defaulters» who don't WANT to pay their mortgages because the value of what they borrowed against their home, went down.

People who want to refinance their house can only borrow against 90 % of the home's value, down from 95 %.

I often hear people warning seniors that borrowing against your home equity reduces the estate left to your kids.

In the case of most home equity loans, a person can only borrow against a percentage of a home's total market value.

The 2007 Credit Crunch has made it increasingly difficult for people to secure financing through methods such as borrowing against their homes.

A home equity loan or Home Equity Line of Credit is ideal for people who can borrow against the value of what they've already put into their hohome equity loan or Home Equity Line of Credit is ideal for people who can borrow against the value of what they've already put into their hoHome Equity Line of Credit is ideal for people who can borrow against the value of what they've already put into their house.

The FHA reverse mortgage limits used to be a very worrisome for people who wanted to borrow against their home's equity.

Most people take out a principal and interest home loan, where you make regular payments against the principal (the amount borrowed) as well as paying interest.

After being nearly shut down with the collapse of housing prices during the Great Recession, lenders are once again opening up their wallets and allowing people to borrow against the value of their homes.

People began borrowing against the skyrocketing value of their homes, to buy furniture, appliances, and TVs.

In the years leading up to the real estate crash, easy financing helped people buy homes they couldn't afford and then borrow against their equity as property prices rose.

Borrowing money against your home as you accumulate equity through a shrinking mortgage or an increasing property value - something almost many people in the Vancouver and Toronto markets can relate to.