Second Mortgages Making a Comeback

Thursday, 20 February 2014 | by Pat's Picks

The Los Angeles Times says homeowners are once again borrowing against their homes, despite the costly lessons of the housing market collapse. Bank of America saw its home equity business surge 75% nationwide last year compared with 2012. The difference this time around is applicants who are getting approved have high credit scores, ample savings and equity in their homes.

SOURCE: LA Times