#home-equity

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Deephaven Mortgage goes all in with expansion of home equity offerings

Deephaven Mortgage has launched new home equity products to leverage rising home prices and meet homeowners' financial needs.
#interest-rates

FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Finance of America reduces interest rate on HomeSafe Second reverse mortgage and expands its availability, indicating a shift towards more accessible home equity solutions.

The Top 10 States Looking To Refinance-for Lower Rates, HELOCs, and Other Reasons

Homeowners are actively refinancing or tapping into equity due to lower interest rates and higher home valuations.

If These 5 Things Are True, It's Time to Refinance Your House

Refinancing can provide extra funds, but careful consideration of costs and goals is crucial.

Americans have more than $32 trillion in home equity a record high. Here's what to know before you tap it

Homeowners reached an all-time high of $32 trillion in home equity in early 2024, driven by rising home prices.

Home equity is 'not like bread,' expert says 'It won't go stale.' Here's when it makes sense to tap it

Homeowners hold $17 trillion in equity, worth an average gain of $28,000, suitable for improvements without immediate need.

Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity

Homeowners are hesitant to refinance due to high interest rates despite increased home equity.

FOA lowers rate, expands HomeSafe Second reverse mortgage into new states

Finance of America reduces interest rate on HomeSafe Second reverse mortgage and expands its availability, indicating a shift towards more accessible home equity solutions.

The Top 10 States Looking To Refinance-for Lower Rates, HELOCs, and Other Reasons

Homeowners are actively refinancing or tapping into equity due to lower interest rates and higher home valuations.

If These 5 Things Are True, It's Time to Refinance Your House

Refinancing can provide extra funds, but careful consideration of costs and goals is crucial.

Americans have more than $32 trillion in home equity a record high. Here's what to know before you tap it

Homeowners reached an all-time high of $32 trillion in home equity in early 2024, driven by rising home prices.

Home equity is 'not like bread,' expert says 'It won't go stale.' Here's when it makes sense to tap it

Homeowners hold $17 trillion in equity, worth an average gain of $28,000, suitable for improvements without immediate need.

Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equity

Homeowners are hesitant to refinance due to high interest rates despite increased home equity.
moreinterest-rates
#retirement-planning

The month in reverse mortgage rates: October 2024

Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.

This is how much you should have saved by 65 - are you behind or ahead?

Establishing proper retirement savings benchmarks is essential for financial stability.
Home equity is not a liquid asset; retirees should have additional liquid savings.

Senior-held home equity jumps to $14T in Q2

Older homeowners' collective home equity rose to $14 trillion, emphasizing the importance of this wealth in retirement planning.

This is how much you should have saved by 65 - are you behind or ahead?

Start planning for retirement savings well before age 65, focusing on liquid assets in addition to home equity.

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

Older couples should consider the financial benefits of downsizing and renting when their children move out, particularly for retirement planning.

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

Lisa advocates for selling their home to invest proceeds, enabling early retirement and increased travel, whereas Mark favors staying in their fully owned property for security.

The month in reverse mortgage rates: October 2024

Older homeowners have options like HECM and HELOC to access home equity, each with distinct benefits and considerations.

This is how much you should have saved by 65 - are you behind or ahead?

Establishing proper retirement savings benchmarks is essential for financial stability.
Home equity is not a liquid asset; retirees should have additional liquid savings.

Senior-held home equity jumps to $14T in Q2

Older homeowners' collective home equity rose to $14 trillion, emphasizing the importance of this wealth in retirement planning.

This is how much you should have saved by 65 - are you behind or ahead?

Start planning for retirement savings well before age 65, focusing on liquid assets in addition to home equity.

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

Older couples should consider the financial benefits of downsizing and renting when their children move out, particularly for retirement planning.

Should we sell our paid-off home and downsize? My wife says yes, but I'm not so sure

Lisa advocates for selling their home to invest proceeds, enabling early retirement and increased travel, whereas Mark favors staying in their fully owned property for security.
moreretirement-planning
#real-estate

Ruoff Mortgage teams with Calque on buy before you sell' offering

Ruoff Mortgage collaborates with Calque to facilitate home buying with programs that ease selling current homes before purchasing new ones.

Homeowners are sitting on more than $35 trillion in equity

Home equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.

I have a lot of equity built up in my home - should I tap it and invest in stocks?

Careful evaluation of the risks is crucial when considering equity loans for market investment, especially in volatile conditions.
The decision hinges on weighing short-term market potential against long-term financial stability.

Homeowners Just Gained $25,000 in Home Equity-but Lost It in 3 States

Homeowners average a $25,000 gain in equity, leading to increased wealth and financial options.

The average homeowner just gained another $25K in equity

Home equity rose but growth is slowing down, with significant average gains per homeowner.

HomeLight raises $20M to expand Buy Before You Sell product

HomeLight raised $20 million to expand its services for mortgage lenders and real estate agents across 40 new states.

Ruoff Mortgage teams with Calque on buy before you sell' offering

Ruoff Mortgage collaborates with Calque to facilitate home buying with programs that ease selling current homes before purchasing new ones.

Homeowners are sitting on more than $35 trillion in equity

Home equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.

I have a lot of equity built up in my home - should I tap it and invest in stocks?

Careful evaluation of the risks is crucial when considering equity loans for market investment, especially in volatile conditions.
The decision hinges on weighing short-term market potential against long-term financial stability.

Homeowners Just Gained $25,000 in Home Equity-but Lost It in 3 States

Homeowners average a $25,000 gain in equity, leading to increased wealth and financial options.

The average homeowner just gained another $25K in equity

Home equity rose but growth is slowing down, with significant average gains per homeowner.

HomeLight raises $20M to expand Buy Before You Sell product

HomeLight raised $20 million to expand its services for mortgage lenders and real estate agents across 40 new states.
morereal-estate

UWM to offer cash-outs with up to 90% LTV and no mortgage insurance

UWM launches a new cash-out loan with 90% LTV and no mortgage insurance, capitalizing on increased equity and competitive refinancing market.
#senior-housing

At the Hard Rock Hotel, FHA's Gordon talks reverse mortgage observations, possible enhancements

FHA Commissioner Julia Gordon emphasizes the growing importance of the HECM program for financially unprepared seniors.

Why Montana is more heavily promoting its state-run reverse mortgage program

Montana's RAM program effectively supports seniors by providing lower-cost reverse mortgage options,

At the Hard Rock Hotel, FHA's Gordon talks reverse mortgage observations, possible enhancements

FHA Commissioner Julia Gordon emphasizes the growing importance of the HECM program for financially unprepared seniors.

Why Montana is more heavily promoting its state-run reverse mortgage program

Montana's RAM program effectively supports seniors by providing lower-cost reverse mortgage options,
moresenior-housing
#reverse-mortgages

California-based Premier Plus Lending adds reverse mortgage division

Premier Plus Lending is launching a new division focused on reverse mortgages and home equity solutions for seniors.

Guild announces new Flex Payment Mortgage' suite of reverse products

Guild Mortgage introduces the Flex Payment Mortgage, enabling seniors to access home equity without needing to sell or affecting their social benefits.

Senior-held home equity bounces back in Q1 2024: NRMLA

Senior homeowners aged 62 and older saw an increase in collective home equity levels by $328.5 billion in Q1 2024, reaching $13.19 trillion.

California-based Premier Plus Lending adds reverse mortgage division

Premier Plus Lending is launching a new division focused on reverse mortgages and home equity solutions for seniors.

Guild announces new Flex Payment Mortgage' suite of reverse products

Guild Mortgage introduces the Flex Payment Mortgage, enabling seniors to access home equity without needing to sell or affecting their social benefits.

Senior-held home equity bounces back in Q1 2024: NRMLA

Senior homeowners aged 62 and older saw an increase in collective home equity levels by $328.5 billion in Q1 2024, reaching $13.19 trillion.
morereverse-mortgages

Unison unveils hybrid' home equity sharing loan

Unison's new Equity Sharing Home Loan merges traditional mortgage features with home equity investment, enhancing access to homeowner equity.
The product comes with lower payments facilitated by shared appreciation and is customizable to meet homeowner financial needs.
#financial-planning

Borrowing money from your home to pay for your child's college

Home equity loans and HELOCs are viable options for funding college costs, but they come with significant risks that should be carefully considered.

Why home equity should be in the long-term care conversation - HousingWire

Home equity is crucial for addressing long-term care costs in retirement planning.

Borrowing money from your home to pay for your child's college

Home equity loans and HELOCs are viable options for funding college costs, but they come with significant risks that should be carefully considered.

Why home equity should be in the long-term care conversation - HousingWire

Home equity is crucial for addressing long-term care costs in retirement planning.
morefinancial-planning
#homeownership

Home equity agreement firm Unlock completes $30M Series B round

Unlock Technologies has raised $30 million in Series B funding to enhance its home equity agreement offerings for homeowners seeking financial flexibility.

loanDepot adds first-lien HELOC to its product suite

loanDepot's new first-lien HELOC allows homeowners without a mortgage to access home equity with flexible terms, addressing financial pressures.

Home equity agreement firm Unlock completes $30M Series B round

Unlock Technologies has raised $30 million in Series B funding to enhance its home equity agreement offerings for homeowners seeking financial flexibility.

loanDepot adds first-lien HELOC to its product suite

loanDepot's new first-lien HELOC allows homeowners without a mortgage to access home equity with flexible terms, addressing financial pressures.
morehomeownership

The HELOC High Yield Hack Homeowners Should Wake Up To

HELOCs are a good option for homeowners, especially seniors, to access cash without selling their home.

Teraverde CEO Jim Deitch on finding ways to monetize home equity

Innovation and creativity are key for lenders to succeed in the current market environment.

Biden makes case for housing proposals in Las Vegas speech

President Biden emphasized new housing proposals to reduce costs and supply issues.
Biden highlighted the importance of investing in affordable housing and shared a personal story about building equity in homes.
from www.housingwire.com
4 months ago

Homeowners sitting on a pile of cash with $17T in home equity: CoreLogic

Home equity in the US rose by $1.5 trillion in Q1 2024, with the average homeowner gaining $28,000 in equity, highest since late 2022.

Foreclosures expected to grow slowly the rest of 2024: Auction.com

Foreclosures expected to rise slightly in the second half of 2024, but home equity likely to prevent many properties from moving into foreclosure status.

Should you use a HELOC to pay your kid's college tuition?

Home equity can be tapped into using a HELOC to fund college tuition, providing flexibility and potentially lower interest rates compared to other loan options.
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