What To Do If Your Home Is Losing Value And You Aren't Planning To Sell

A few clients called me this week to share concerns about a declining housing market and how it would impact their long-term financial planning. I need my home equity for retirement, one said. What if foreclosures on my neighbors ruin my nest egg. Our ensuing conversation covers some basic facts about home equity: Home equity is an asset -- just like stocks, bonds, or a stamp collection Home equity grows or shrinks as a home's value grows or shrinks Home...

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[Source: The Mortgage Reports Blog]