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Home equity could pay for that new kitchen, so why are Americans slow to borrow? Blame the Great Recession.

Over the past 28 years, Roy Hawthorne, 51, of Hinsdale, has bought and sold four houses of his own and several additional properties, as a serial real estate investor. He usually keeps a home equity line available, he says, both to tap if needed for projects on his own home and to have ready cash...



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