By LESLEY MITCHELL The Salt Lake TribuneUpdated Sep 25, 2010 08:10PM MDT
They have been used as a financial cushion, a source of extra cash and as a way to finance everything from cars and vacations to college educations and home improvements.But today, home equity loans and lines of credit no longer are an option for many borrowers. Falling home prices and tougher lending standards have reduced or eliminated the ability to borrow against properties."Five years ago, if you walked in and wanted a home equity loan, there?s a good chance you could get one," said Gaylo...View the original article here
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