Add to this, the fact that housing values seemed to go up and up, and up, so the longer you made your funds, the much less danger of default, as you could conceivably get enough cash to pay off the and have lots left over, if you did must sell.

Most householders with low or moderate revenue can qualify for these loans.
That is because Spotloans are installment loans and not payday loans.

Coming to those loans, with the funds being derived for a relatively brief time period interval, the lenders don't have any problem in releasing the funds without any collateral.