The report highlights three main threats home equity borrowers face: Rising payments as they begin to pay back the principal and not just the interest on these loans; the risk of rising interest rates (many of these loans have adjustable rates); and refinancing challenges “because collateral values have declined significantly since these loans originated.”
Shan Saigal
Broker-Referral Realty Silicon Valley
Direct: 408-505-9302 /Dre#00768704
Broker-Referral Realty Silicon Valley
Direct: 408-505-9302 /Dre#00768704
