Homeowners believe renovations are the best reason to tap home equity



With home prices on the rise in most parts of the country, homeowners are sitting on top of record amounts of home equity. But with most homeowners showing a reluctance to tap into that wealth, Bankrate.com says its latest survey shows plenty of reasons why it might be worth taking out a loan to unlock […]

Generation X homeowners recover most equity since last recession



Baby boomers and millennials usually grab most of the headlines as the biggest movers and shakers in real estate, but Generation X’ers, the generation

Home equity is growing, but homeowners refuse to tap into it



With home prices continuing to rise, homeowners are becoming increasingly “equity rich”. But that hasn’t tempted many to take advantage of the situation, as the number of home equity lines of credit stays flat.

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 […]

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