Many people use their home equity lines as down payments. If you are a Realtor you need to be aware that banks are pulling back and canceling many of them. I have had mine canceled in recent days. I would advise you to tell your client to pull the money out now and not when they need it. Because when they need it, it may not be there.
GetPrequalified.com
Sunday, May 11, 2008
Realtors beware, your clients down payment could be disappearing
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