It sure seems that way. With the recent market activity, equity home loans are becoming rarer and rarer. Is this a sign of things to come? Maybe not. A loan can be beneficial in the short term, but in the long term it means high fees and interest rates. The real question is why submit that loan application? If you need the extra money to pay for your expanding business, look into a commercial agreement with RDS Real Estate. While it’s not the same as building onto your existing offices or building from the ground up, it is more cost effective for right now until you can afford to begin the task of building anew. Contact us to learn more about our commercial property for rent and see how we can help you through a time of low home equity.
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