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

Home Equity Making Gains In Q2 Of 2022

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In: Home Equity News

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According to the CoreLogic Q2 2022 Home Equity Report (HER), homeowners still have net worth despite the slowdown in home price growth in the second quarter. The net worth of U.S. homeowners with mortgages, which make up about 63 percentContinue Reading

Rocket Pro TPO to Increase Conventional Loan Limits And Introduce New Home Equity Programs

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In: Home Equity News

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Rocket Pro TPO continues to adapt its strategy to changing market conditions. While some of the industry’s major players are struggling to keep up and going out of business or selling out in bulk, Rocket is ahead of its gameContinue 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

Home Equity Levels In Country Increase In spite Of Rising Home Prices

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In: Home Equity News

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Half of all U.S. mortgages are now considered equity-rich, according to a new report from real estate data curator ATTOM. According to the US Home Equity and Underwater Q2 report, 48.1% of the nation’s mortgages were considered equity-rich in theContinue Reading

What Is The 401(k) Early Withdrawal Penalty?

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In: Home Equity News

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A 401(k) plan can play an important role in your retirement income, so it’s important to limit the urge to withdraw early (at least before age 59 ½). . But things happen – and there are times in your lifeContinue 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

Will Homeowners See A Rise In Their Home Equity Levels in 2022?

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In: Home Equity News

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Homeowners are perched on record levels of equity. What the future holds for the remainder of the year? Perhaps the most captivating advantage of claiming a home is getting to expand equity in one. That equity can then fill inContinue Reading