Why seniors should consider a reverse mortgage

The reverse mortgage deserves closer scrutiny. It’s usefulness for seniors has improved recently due to mandatory education, tighter eligibility requirements and new legislation that prioritizes applicant’s right to stay in their home

What to consider with a Second Mortgage

However, some homeowners that have gotten over the huge bust of the last of the last cycle when so many home values went underwater are again considering second mortgages.

CoreLogic: Half a million homeowners regained equity in Q2

CoreLogic had some good news for the economy in its latest equity report, revealing that just over 548,000 homeowners regained equity in the last quarter.

Millenials more likely to tap into their home’s equity

Millenial homeowners in the 30-34 year old age bracket are twice as likely to take out a home equity loan as baby boomers, according to a new survey by the Discover Home Equity Loans organization

5 Reasons to Get a Home Equity Loan

As you pay off the initial mortgage and the value of your property rises, you accrue equity that you can borrow against.

No. of underwater homes declines as sales volumes and prices surge

Housing data from RealtyTrac shows that the number of homes considered to be “seriously underwater”, or at least 25 percent underwater, has fallen to 6.9 million in the third quarter

Thinking of Accessing Your Home Equity? Things You Should Know

Before the recession, many people were able to tap into their home equity but all this changed during the last few years. However now house prices are recovering, more people have regained access to this source of funding that can help pay for renovations or big-ticket items, or to simply reduce debt. According to an […]

Home Equity Rises, But Is It Enough?

About 312,000 residential properties regained equity in the first quarter of this year, raising the total of residential properties with equity to more than 43 million, CoreLogic reported Thursday in its annual home equity report.

Underwater Borrowers Regain Equity as Home Prices Rise

Underwater homeowners have been given a tremendous boost by rising home prices over the last 12 months, with more than 1.7 million borrowers regaining equity by the end of 2012. This means that there are now 38.1 million homeowners with equity in the US, according to the latest report from CoreLogic.

How to Pay For Your Home Improvement Project?

Home improvement projects are always fun and refreshing for everyone but your pocket. Many people undertake a home improvement project and then give up on it midway because they don’t find good financing alternatives. Some don’t even think about it because of the same reason.

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