New Lending Guidelines Could restrain Mortgages - HOI for Florida Condos that Require Repairs

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In: Home Equity News

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Similarly, as certain guarantors have fixed necessities for endorsing skyscraper townhouses following the Champlain Towers breakdown in Miami Beach last year, presently contract banks are distinctly overhauling loaning rules. The moves could make deals of some townhouse units troublesome orContinue Reading

The 3rd Highest Equity Rich Homes in the U.S. are in San Jose

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High as can be land costs have made a developing number of mortgage holders “value-rich,” as per a report on home value. That implies they have half value in their property or put another way, that the sum they oweContinue Reading

Homeowners Gain More Equity Due To Growing Market

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The latest release of ATTOM’s U.S. Home Equity and Underwater Report for the final quarter shows that almost 50% of sold private properties were thought of as “value-rich” implying that the excess equilibrium of a home loan was something likeContinue Reading

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

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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

In Last Ten Years Homeowners Accumulated More than $224k in Home Equity

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Homeownership is viewed as the biggest wellspring of abundance among families, with the median worth of a primary home worth almost multiple times the median worth of monetary resources held by families. A new Economists’ Outlook blog posted by ScholasticaContinue Reading

Ways to Improve Home Equity

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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

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

What Is Taxable And Non Taxable Income?

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In: Home Equity News

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Money comes from various sources like wages from a job, returns on investment, business income, Social Security benefits, and others.  Some of those incomes are taxable while some aren’t, so it estimating and calculating the taxable income is difficult. ButContinue Reading

Miami Homeowner Scammed Through A Home Improvement Program

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PACE home improvement program allows homeowners to complete work without refinancing or pulling out equity by financing the up-front costs of repairs and then repaying them over time.  Recently a scam happened, where a homeowner said that someone took outContinue Reading

Home Equity Loan Platform Accomplished $20 Million Funding Round

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Fraction, a BC-based fintech platform focused on guiding homeowners to access their home equity, has profitably raised $20 million through a Series funding round. Led by QED Ventures, the round also saw participation from present investors including Impression Ventures, PrimetimeContinue Reading