New HELOC platform Launched By Austin Based Fintech Hitch

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In: Home Equity News

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Austin fintech startup Hitch has launched a HELOC platform to help homeowners access more than $100 billion in government grants for home improvements. Launching in early 2022, Hitch will allow qualified homeowners to purchase up to 90 percent of theContinue Reading

Open Ended HELOC Servicing Launched By Loan Care

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In: Home Equity News

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Mortgage subservicer LoanCare has announced that it is now offering a Home Open Mortgage Loan Limit (HELOC) to lenders nationwide. The Virginia Beach-based company provides loans to all 50 states and is part of Fidelity National Financial, a leading providerContinue Reading

What Is Better HELOC Or Cash-Out Refinance?

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In: Home Equity News

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Does it appear to be legit to get a home-value credit extension? Or on the other hand, renegotiate your current home loan with cash-out at a higher rate than you as of now have? This is an incredible inquiry. Also,Continue Reading

Influence of Federal Reserve Rate Hike Decision on Home Equity Loans HELOCs and ARMs

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In: Home Equity News

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The Federal Reserve’s interest rates choices impact the rates you pay for home equity loans, HELOCs, and flexible rate Mortgages.  The national bank said at its January meeting that interest rates are going up soon, and Fed watchers perceived thatContinue Reading

Is This The Right Time To Consider HELOC?

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In: Home Equity News

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According to data from Bankrate, the previous week the HELOC rates were at their lowest point since September the standard interest rate was 3.59% for a 10-year repayment period, and for a 20-year repayment period, it was 5.90%.  For someContinue Reading

Reverse mortgage a better option compared to HELOC for seniors

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In: Home Equity News

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According to a new piece published at financial news website The Street, some homeowners who were looking to unlock the equity in their home found the home equity line of credit (HELOC) to be beneficial, there are other homeowners whoContinue Reading

How To Get A Mortgage On A Free-And-Clear House

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In: Home Equity News

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A home with no current mortgage and owned outright then its value is all equity, so if you want to take out a mortgage on the home you already own you can simply tap that equity and put it toContinue Reading

The second mortgage lender suggest Credit unions to use HELOCs to replace losses due to COVID-19

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In: Mortgage News, Home Equity News

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Last updated on February 3rd, 2021 at 11:02 amCredit unions auto lending profits has badly suffered due to, the COVID-19-fuelled crash can make up for the lack of income by capitalizing on one of the pandemic’s other key trends:  the ongoingContinue Reading

Could Reverse Mortgage Be a Good Option Right Now?

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In: Mortgage News

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Last updated on February 2nd, 2021 at 02:29 pmReverse mortgage demand is spiking thanks to COVID-19 Thinking about a reverse mortgage? You’re not alone. Demand is soaring. In 2019, there have been only 2,600 reverse mortgages opened per month, consistentContinue Reading

Forecast of Home Prices Dropping a Lot Makes JP Morgan to Halt their HELOCs

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In: Home Equity News

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Last updated on November 29th, 2021 at 03:14 pmJPMorgan Chase has temporarily stopped offering home equity lines of credit thanks to the massive increase in U.S. unemployment and projections that U.S. home prices could go down amid the coronavirus pandemic,Continue Reading