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Home-Equity Loans: What You Need To Know (Investopedia)
A home-equity loan , also known as a second mortgage, lets homeowners borrow money by leveraging the equity in their homes.
Home Equity Lending That Fueled Spending to Recover (Update1) (BusinessWeek)
John Hale’s four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a $250,000 home equity line of credit.
BofA ‘Comfortable’ Bank Can Absorb Home-Equity Losses (Update1) (Bloomberg)
March 11 (Bloomberg) -- Bank of America Corp. Chief Executive Officer Brian Moynihan said the lender, the biggest in the U.S., can absorb losses on its $149 billion home-equity loan portfolio even after the four-year slump in housing prices .
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