How to avoid negative equity
Sunday, December 28th, 2008How to avoid negative equity
Negative equity occurs when you owe more on your mortgage (and in secured loans) than your home is worth. This usually occurs due to falling house prices, and with the UK housing market seemingly on the downturn, the problem could become widespread in the near future…
What is the Credit Crunch? From www.asrecommended.co.uk
The Credit Crunch is the term used to describe an economic situation where there is reduced availability of credit from financial institutions predominantly in the form of home loans and mortgages.