Word: bourse
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Dates: during 2000-2009
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After living in their two-story, Mediterranean-style house in Orange County, Calif., for almost 18 years, Norm Bour, 51, and his wife Peggy, 57, are refinancing for the fourth time. Not only will they lower their house payments by $200, but the Bours will also tap into their equity...
Unlike most people in earlier generations, the Bours view the equity in their home as a smart source of cash for the lifestyle they intend to maintain. And they are far from alone. In 2004, Americans took almost $400 billion in cash out of their homes in refinancing and home...
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