How much more challenging would it have been to get a HELOC (Home Equity Loan) in March 2009 than today? Do these markets tighten up during recessions or is a fully owned home semi-liquid?
What if there had been no change in regulations? All other things equal, is it significantly harder to get a loan in a recession?
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Even for HELOCs? I would've thought that with the government semi-guaranteeing a lot of these loans, it might be easier?
End of conversation
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