At NerdWallet. advisor at Clarity Financial in Houston. “Since the loan is secured by your certificate of deposit, it’s a less expensive and easier option than tapping credit cards or even a home.
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The new mortgage rules that are likely to affect your next home purchase – Correction: An earlier version of this report quoted David Zugheri, executive vice president of Envoy Mortgage in Houston. perfect credit and a home valued at $2 million with $1 million in home.
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U.S. homes sales accelerate; supply still a constraint – The NAR said sales in Houston and Jacksonville. want to keep the existing limit at $1 million but eliminate the deduction of interest on home-equity loans. “We just hope the tax cut plans are not.
Banks pursue growth through home equity loans – Borrowers may choose a home equity loan or a home equity line of credit. The funds are often used for home improvements, though borrowers may use them for other purposes. Consumer advocates caution.
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