Sentence examples for Extract equity from inspiring English sources

"He said that we can keep the consumer afloat by helping him extract equity from his home to finance expenditures," Mr. Roach said.

A few American commentators have proposed that the United States government extract equity from banks as a price for their rescue.

Unlike in prior recessions, cardholders who recently lost their jobs are unlikely to be able to extract equity from their homes or draw down retirement accounts to help pay off their debts.

Reverse mortgages got a bad rap over the years, and deservedly so, for high fees and aggressive salesmen who persuaded elderly borrowers to extract equity and then drop the money in inappropriate annuities and other insurance products.

Elaine Scoggins, who had the mortgage department chief reporting to her at a bank before she became a financial planner, suggests imagining a situation where you need to move quickly but can't sell your home or extract equity to use as a down payment in your new town.

Technology incubators are sprinkled across the valley, but getting into the hottest ones can be as hard as getting into business school; besides, many of them, like Y-Combinator, just down the road from here, extract equity in the start-up in return.

Having put nothing down or having extracted equity in previous refinances, most subprime borrowers will lose nothing financially from foreclosure.

Over the past six years, income-short consumers made up for the weak increases in their paychecks by extracting equity from the housing bubble through cut-rate borrowing that was subsidized by the credit bubble.

At the same time, the low rates, combined with a lowering of credit standards by mortgage issuers, caused home prices to soar, providing more consumer spending power as homeowners refinanced their loans and extracted equity.

But there was also an unintended consequence: Because two other, individually benign economic trends declining interest rates and steadily rising house prices coincided with the changes in lending, an unusually large number of homeowners were motivated to refinance their mortgages at the same time, extracting equity from their houses and replacing it with low-interest, long-term debt.

These are neighbors, friends, and relatives; they are people who bought highly mortgaged homes (or extracted equity as appraisals soared) in their quest to live a middle-class suburban life.