Your Home: Home equity loan boom could cause problems for homeowners


By Chad Taylor

For several months, I have been bombarded with commercials on XM radio about refinancing and home equity lines of credit. Yes, I agree that if you have not looked at refinancing in the last few years, you should certainly give it a look now. Interest rates are extremely low and, if you are staying in your home for a while, a refinance could be a great way to save money- long term.