Tag: home equity mortgage
Shared equity loans don’t seem like a good deal to me
Kenneth Harney wrote this article on the Washington Post regarding shared equity loans (I’m not even clear if this is the correct name for this).
From the sounds of it the loan would work kind of like a reverse mortgage where the lender would make a loan collateralized by equity in a home. But instead of [...]
Posted: September 12th, 2008 under 2nd Mortgages, Debt, General Mortgage Info., Mortgage Programs, Personal Finance.
Tags: 2nd mortgage, home equity loan, home equity mortgage, shared equity loan
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