equity line

As housing prices continue to fall and more and more homeowners are faced with negative equity or "underwater" positions, banks that hold second mortgage and equity line portfolios may soon feel a crushing blow. Zillow.com reported today that 21.8 percent of all U.S homes -- more than 16 million...

With equity line rates lower than mortgage rates, some readers are wondering if it would be better to pay off their mortgage using their equity line. In some cases that might be true, especially since I expect interest rates to stay low for at least a year. But, if you do decide to use this...