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Article: HOME EQUITY LOANS THEIR POPULARITY IS WANING AND DELIQUENCY RATES ARE ON THE RISE
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- April 8, 1990
- Author:
CopyrightCopyright (null) The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Home equity loans are old hat to Shep Brown. He borrowed
against the value of his Weston house five or six years ago for
investment money, and tapped the well again last month.
"It's the easier way to go," he said from his South Boston
import and distribution business last week. "It's attractive
because it's tax-deductible."
Same for Paula Childs, the co-host of Our Times television
show on Channel 7 in Boston. She recently secured her second equity
loan, using the money each time for home improvements.
"For consumers, it's a fantastically easy way to access large
sums of money for important things that you need in your life, such
as paying for a child's education, making home ...