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The lending criteria for home loans in Australia are fairly strict. Mortgage lenders generally prefer giving loans to people who show that they have the ability to service their loans properly. That means those with
Home Equity Loans – Pros and Cons: Borrowing Money when an Unsecured Loan is Not Possible
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Equity is defined as the difference between the property value and the mortgages and loans secured on it. For example, if Mrs X has a property worth $300,000 and secured homeowner loans amounting to $100,000,
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