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

How Does a Home Equity Line of Credit or Home Equity Loan Affect Your Credit Scores

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In: Home Equity News

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Once you’ve built up your equity, you can apply for it and use the money to make home improvements, pay off credit cards, or manage other expenses. Homeowners are constantly asked how the use of their home equity affects theirContinue Reading

Use HELOC For Home Improvements Instead Of Cash Out And Change Mortgage Interest Rate

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In: Home Equity News

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Last updated on June 3rd, 2022 at 08:53 amWith the expansion of in-home estimations and financing costs, numerous homeowners are tracking down themselves as “house rich, cash poor,” meaning they have greater equity in the worth of their home thanContinue Reading

When Is The Best Time To Opt For a Line Of Credit?

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In: Home Equity News

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A home equity credit extension, or HELOC, is a home loan in which the lender consents to loan the greatest sum inside a concurred period, where the guarantee is the borrower’s equity in their home,” made sense of First BankContinue Reading

Challenges Faced By Borrowers To Get A HELOC On An Investment Home

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In: Home Equity News

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The middle cost of a solitary family home in the U.S. in February 2022 was $363,800, a 15.5% leap from February 2021, as per the National Association of Realtors.  This expansion in home costs the nation over, prodded by lowContinue 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

Save Money With Refinancing Through HELOC

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In: Refinance News

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Refinancing through a home equity line of credit (HELOC) is useful if you want to extend your draw period so that you can get more favorable loan terms. With rapidly rising home values, and comparatively low interest rates let usContinue Reading