Equity Guards’ Mission
September 22, 2007 –In the United States there is a very low percentage of money being saved in the traditional way, that is, in banks. The number one place citizens are storing their wealth is in their homes. Over one hundred billion dollars are being stored right now in homes across the country. For the most part that money is just sitting there, not really growing or working for those that own it. In recent years this fact has started to become more widely known with the resultant rush by those with equity to get access to it for investments. Many are using the traditional mortgage, some are accessing their equity via second mortgages and some are using home equity lines of credit.
The mortgage market has also responded by providing a greater supply and variety of lending instruments to accommodate the demand. In some instances this has happened to the detriment of borrowers’ equity. With high fees, sneaky document language, and fraudulent application practices consumers are getting ripped off in record numbers. Identity theft is crippling consumers to the record rate of one new victim per minute.
This site has been created to protect consumers against these abuses by providing you with proactive steps and knowledge that you can use to keep from getting caught in the web of unscrupulous businesses.
Further, we hope that you will use this knowledge not only for your own protection but that in the newsletter you will find gems to help you grow your equity fast and safely and methods to create wealth using your home equity that you may have overlooked.
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