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Mortgage Banker Magazine: Sitting on a Gold Mine July 2023

American homeowners are sitting on a gold mine of home equity, thanks to skyrocketing property values. Gold mines, if the old Westerns are to be believed, are prone to attracting attention. Tom Finnegan, a principal at STRATMOR Group, a mortgage advisory firm, makes the case that home equity lending provides an opportunity for lenders to reach potential borrowers whose properties have appreciated, but are reluctant to sell and give up their lower rate.

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