Home-equity spigot opens slightly.

May 7th, 2010

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The Washington Times – Michele Lerner
May 7, 2010
“Even though the housing market seems to be improving, lenders are wary of approving home -equity loans in an environment in which home prices are not necessarily stable,” Mr. Martucci says. “If the banks lend someone up to 95 percent of their home value and prices drop again, that could quickly become 100 percent loan-to-value or more.”
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Brian Martucci is a loan officer for Capital Bank Home Loans, a division of Capital Bank, N.A. He has been in the mortgage industry since 1986 and has served in a number of roles, including loan processor, loan officer, mortgage broker, branch manager, and vice president. Brian Martucci – NMLS# 185421. His opinions do not necessarily reflect the opinions and beliefs of Capital Bank Home Loans or Capital Bank. Capital Bank, N.A.- NMLS# 401599. Click here for the Capital Bank, N.A. “Privacy Policy”.​

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