Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: SG who wrote (101885)	3/3/2009 11:14:56 PM
From: Little Joe	Respond to of 110194

The advantage to the homeowner is that it is a chance to get some of the equity out of your home. Maybe to pay off the mortgage so that you can live without paying rent or a mortgage or to buy an annuity and get some additional income. However when the property is sold you do need to pay back the amount of the loan and all accumulated interest. Of course I don't think you can get a loan for 80% of the value of your home. Probably more like 50%. Maybe some out there would know these details better than I would. lj