Tapping Home Equity Gets Easier

摘要

If you have at least 20% equity in your house and good credit, you're a prime candidate. AS HOME PRICES BEGAN THEIR LONG SLIDE, banks pulled the plug on home-equity lending. Homeowners who had already snagged home-equity lines of credit lost out, too, as many received notice that their lines of credit had been frozen. Home-equity loan originations are still 80% below their peak, according to a recent report from Moody's Analytics and Equifax. But as the housing market emerges from the doldrums, home-equity borrowing is beginning to perk up, too.