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Consider a home equity loan or HELOC:While mortgage refinancing has yet to pick up steam, many homeowners are turning to home equity lines of credit (HELOCs) totap into their home equity. The rationale is simple: If you need $50,000 for a kitchen renovation and you have a mortgage for...
prices went up to match the new financing available. This increase in prices was rapid enough to excite irrational exuberance and already inflated prices went much higher. Lenders enabled the next push higher by eliminating loan qualification