Quote:
Originally Posted by marketsmart
example. a home that is worth $50k that is paid for (there are a lot more of these properties than you would think), this company will give up to a $25k loan at around 18-20% apr.
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Is the goal to ultimately take the home away from borrower? I can't imagine many people who live in a $50K home being able to afford a $25K loan at 20% APR.