US home equity is back, so why aren’t more people borrowing?


WASHINGTON/May 25, 2017 (AP) (StlRealEstate.News) — Alicia Johnson and her husband wanted to renovate their home last fall but ran into a roadblock: When they tried to refinance their mortgage and borrow against their equity, five banks said no. Problem was, the Johnsons mortgage covered their home in Christiansburg, Virginia, and some adjacent land — a deal-breaker. [ ] The post US home equity is back, so why aren t more people borrowing? appeared first on STL Real Estate News.
http://www.stlrealestate.news/us-home-equity-back-arent-people-borrowing/3675/

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