High Home Equity, But Can’t Refinance - How to Deal with Debt? | DFI30

High Home Equity, But Can’t Refinance - How to Deal with Debt? | DFI30 | Ep. 411. What options do homeowners have when they’ve got a lot of home equity and a lot of unsecured debt, but the bank won’t let them refinance by borrowing against their home? On today’s podcast, Ted Michalos and Doug Hoyes explain why homeowners often carry so much more debt than non-homeowners, how to deal with your unsecured debts whether refinancing is an option or not, and how an insolvency filing can affect your home. Given today’s economic situation, this may sadly be a reality for many homeowners in the months and years to come. Tune in for lots of practical strategies and advice!
Helpful Links:
Second Mortgage or Interest-Free Consumer Proposal: www.hoyes.com/blog/second-mor...
Hoyes Michalos Joe Debtor Bankruptcy Study www.hoyes.com/press/joe-debtor/
Hoyes Michalos Homeowners Bankruptcy Index: www.hoyes.com/press/homeowner...
#debt #DebtFreeIn30 #HomeEquity #HighHomeEquity #HELOC #LOC
#Refinance #Loan #DebtConsolidation #Consolidation #podcast #InaccessibleHomeEquity

[@keshavr9617]

Home ownership - Yay....home owning cost - Nay......Welcome to Kanata!

[@joelproulx6352]

Yeah I would be really interested in that debate on owning your house and not owning it.
I discovered you on Spotify few weeks ago and you mentionned RUclips in this episode so here I am. glad to see you here too and will watch from here in the future.
Keep up the good work.