Sentences with phrase «small amount of equity in your home»
«But if you only have a small amount of equity in your home, or only want a small loan, it doesn't make a lot of sense to get a home equity loan.»
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This means that even a small 1 % increase in long - term rates could result in at least a 20 % reduction in the amount of loan proceeds available to a borrower, equating to tens of thousands of dollars LESS of home equity borrowers can access as rates rise.
HARP primarily targets homeowners who have a small amount of equity in their existing homes or who currently owe more than their home is worth.
A small amount of research reveals that a debt consolidation home equity loan comes in two different forms.