Articles About Second Mortgages
- Author:
- Mike Ochs
- Posted:
- 06.23.2011
Equity Loans Putting Homeowners Under Water
Homeowners who took out second mortgages, or borrowed against their homes to use the money as a cash advance, may regret their decisions. Close to 40 percent are now underwater on their loans — owing more than their home is worth, according to CoreLogic Data. The data show 38 percent of borrowers who took second […]