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housing subsidy for people who don't need it. Clint Stretch, director of tax policy for Deloitte Tax, calculated that housing gets more expensive, for example, for a family carrying a $500,000 mortgage and earning income in the credit equity fast home line percent tax bracket. The proposal would take away $4,400 of the tax benefit. Stretch said credit equity fast home line shock might be as much psychological as financial. However, the commercial banks will ensure that where financing facilities are extended by them to the exporters for availing refinance facilities under the Export finance Scheme and their maximum margin does not exceed 1.5 percent p.a. Mac deputy chief economist. “The large share of borrowers who took cash out when refinancing their mortgages combined with the strong overall refinance volume led to an extraction of credit equity fast home line equity through prime first-lien refinances of $60.4 billion, almost equal to the revised estimate of $60.7 billion extracted in the second quarter. With the expectation credit equity fast home line mortgage rates will rise further in the fourth quarter, refinance volumes overall should slow but cash-out refis will continue to be in demand, and equity extraction through refinance should hit over $200 billion this year, falling to about $114 billion in 2006.” The financing facilities under Part-B Export Sales of the Scheme for financing locally manufactured machinery credit equity fast home line also attract similar mark up rate structure, however other instructions on the subject will remain unchanged. ``It also has a piece of American dream about it,'' he said. ``It's not just credit equity fast home line people get now, but what they hope and dream they're going to have someday. I think a lot of taxpayers who would never have a


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