What do you do when you have no money, but you own a home? Well the financial advisors will tell you the best thing to do is to pull as much equity as you can out of the home because housing prices will always rise. Nothing bad ever happens in the housing market they say. Hmmm...where have I heard that one before?
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Sources Used in This Video:
https://goo.gl/UpprQe
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Cash-out mortgage refis are back — will homes become ATMs again? - MarketWatch
https://www.marketwatch.com/story/cash-out-mortgage-refis-are-back-will-homes-become-atms-again-2018-03-30
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Few Americans have enough savings to cover a $1,000 emergency
https://www.cnbc.com/2018/01/18/few-americans-have-enough-savings-to-cover-a-1000-emergency.html
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Housing Finance at a Glance: A Monthly Chartbook, March 2018
https://www.urban.org/sites/default/files/publication/97491/housing_finance_at_a_glance_a_monthly_chartbook_march_2018.pdf
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