Borrowing on the house getting quick cash is much more complicated than simply it used to be in the usa, and it is resulting in fears to have home owners, banking institutions together with economy.

Holly Scribner, 34, and her spouse got away a great $20,000 house guarantee mortgage when you look at the mid-2007 — much like the housing industry first started their swoon

For the construction boom, thousands of people borrowed against the worth of their homes so you’re able to remodel kitchens, wind up basements, pay-off playing cards, pick Tvs or cars, and you will finance educations. Читать далее →