Using Customer Behavioral Data To Get Ahead Of A Unstable Market

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In: Home Equity News

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Mortgage rates continue to decline as interest rates rise. This has resulted in a highly competitive market, and lenders recognize the importance of retaining existing customers in this tough market.  But today, retaining current customers means understanding their behavior, andContinue Reading

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

AVMs To Have A Very Bright Future To Lend Home Equity Loans

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In: Home Equity News

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Automated Valuation Models (AVMs) are now part of the routine. With U.S. homeowners holding more than $30 trillion in home assets, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of providing home equity loansContinue Reading

Top 3 Myths About Using AVMs For Acquiring Home Equity Loans

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In: Home Equity News

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With 2022 more than half behind, market indicators continue to predict the minimum redemption amount, but purchase volume is facing issues.  Amid inventory shortages, high write-offs, rising interest rates, and significant economic problems, difficulties in purchasing and refinancing are hamperingContinue 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

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

Ways to Improve Home Equity

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In: Home Equity News

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Even when the mortgage rates are low, the rise in home prices is making the properties out of reach. As higher home values are hurting the buyers, they’re a boon for existing homeowners. According to data from Black Knight –Continue Reading