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More "Creative Financing"

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Blue1

Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
If the equity is maxed out and the property values decline there just won't be any more credit extended. Apparently banks are betting on NOT being upside down on too many of these credit lines or they wouldn't be thinking of doing them. Seems to me like a good way for the banks to extend their money making avenues and a good way to indebt homeowners for a longer period of time on a home mortgage.
 
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