It’s 2008 and the New Year holds many changes for a lot of people. Moving home is one of the biggest changes you can make in life….and one of the most stressful. Home loans in the latter part of 2007 were given out much more sparingly due to the credit crunch caused by the sub-prime collapse in the mortgage market. Property prices faltered in some states and there was a general feeling that the property market bubble may have burst.

Lots of people are putting off moving home and are turning to an equity loan to make improvements or add additions to their existing homes rather than poke a toe into the homes sales market.

Home equity loans can provide a simple way of coping with that ever-increasing family or just to bump up the amenities…a new kitchen, ROTG or similar project that will put off the need to move for a year or two until the market shows signs of rising confidence