home equity loan

With US real estate prices still on the way down, most would-be real estate investors are facing issues if they need to refinance a mortgage on a property they were renting out. The mortgage resets are not exclusive to residential buyers and a lot of investors are facing problems also. Refinancing a mortgage is the big issue currently, because, whatever mis-information might be being spread around by the banks and governments, credit markets remain tight.

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With credit markets still tight in the United States, owners of vacation homes and second homes are turning to fractional sales as a way to cash out some of the equity in their homes without applying for a (now hard to get) home equity loan, and without necessarily even giving up the house.

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