Gavin's podcast

With the cost of housing at record high levels people are borrowing significantly more than they have in the past to purchase a home. This was not a significant issue when interest rates were at record lows, however, as we are now in the midst of a rising interest rate cycle and the effects of the United States sub-prime lending crisis are flowing into our credit markets, the pressure is starting to be felt among some home owners.

This increased pressure has encouraged home owners to think creatively about how they can reduce their massive mortgages so they don't have to be paying them off for the next 30 years. Is using equity in your home a good creative way to get ahead.