Home Equity Loans 5 Times Your Income - September 12, 2007
Property is now on average, 5 times your income adding to the potential value of home equity loans.
London’s average is 5.08 times the average wage according to Hometrack.
Steve Wilcox of the University of York wrote the report and stated that homeowner’s had seen dramatic rises over the years.
The report showed house prices stopped risingin August, so now may be optimum times for a home equity loan.
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