Home Equity Line Of Credit: Friend Or Foe?

Last month, the Bank of Canada issued a report highlighting the explosive growth of HELOC’s and mortgage refinancing in the past decade, which have surged from $8 billion in 2001 to $64 billion in 2010. Canadians appear to be using these loans for two main reasons.  They are either paying down other higher interest loans,...

Source: http://www.boomerandecho.com/home-equity-line-of-credit-friend-or-foe/

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