#home-equity

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#housing-market

These baby-boomer homeowners have seen their home values soar. Now they can't afford housing to retire in.

Baby boomer homeowners struggle to downsize due to rising home prices and a lack of affordable housing options.

Baby boomer homeowners got rich from skyrocketing house prices. Now they can't find retirement housing.

Baby boomers face a significant shortage of accessible housing to retire in, having benefited from rising home values.

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.

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.

The average homeowner just gained another $25K in equity

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

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.

These baby-boomer homeowners have seen their home values soar. Now they can't afford housing to retire in.

Baby boomer homeowners struggle to downsize due to rising home prices and a lack of affordable housing options.

Baby boomer homeowners got rich from skyrocketing house prices. Now they can't find retirement housing.

Baby boomers face a significant shortage of accessible housing to retire in, having benefited from rising home values.

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.

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.

The average homeowner just gained another $25K in equity

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

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.
morehousing-market
#reverse-mortgage

FOA posts robust Q3 earnings as company touts product, platform changes

Finance of America reported $15 million in adjusted net income for Q3 2024, marking a successful recovery and improved operating performance.
Strategic initiatives over the past year have led to positive metrics across the board for Finance of America.

Reverse mortgage pros sound off on 2025 HECM limit

FHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.

Dave Ramsey gives his brutally honest takedown on reverse mortgages - and he's spot on

Dave Ramsey warns against reverse mortgages due to high fees and risk of losing home.

Rate announces revamp of reverse mortgage division with industry veterans

Rate strengthens leadership in its reverse mortgage division to cater to older borrowers.
Jesse Allen and Greg Pahel appointed to enhance consumer-directed reverse mortgage strategies.

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.

FOA posts robust Q3 earnings as company touts product, platform changes

Finance of America reported $15 million in adjusted net income for Q3 2024, marking a successful recovery and improved operating performance.
Strategic initiatives over the past year have led to positive metrics across the board for Finance of America.

Reverse mortgage pros sound off on 2025 HECM limit

FHA increase in HECM limit enhances borrowing options for homeowners, though opinions on its impact amid high interest rates vary.

Dave Ramsey gives his brutally honest takedown on reverse mortgages - and he's spot on

Dave Ramsey warns against reverse mortgages due to high fees and risk of losing home.

Rate announces revamp of reverse mortgage division with industry veterans

Rate strengthens leadership in its reverse mortgage division to cater to older borrowers.
Jesse Allen and Greg Pahel appointed to enhance consumer-directed reverse mortgage strategies.

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.
morereverse-mortgage
#financial-planning

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

Refinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.

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.

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.

Reverse mortgage pro shares how he became a HECM customer

Tim Nelson sees reverse mortgages as strategic tools for financial planning in retirement, emphasizing their importance for couples as they age.

The Average American Refinances Their Home Every 6 Years - Here's How to Know If You Should

Refinancing can help lower monthly mortgage payments but requires careful consideration of closing costs and break-even points.

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.

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.

Reverse mortgage pro shares how he became a HECM customer

Tim Nelson sees reverse mortgages as strategic tools for financial planning in retirement, emphasizing their importance for couples as they age.
morefinancial-planning
#real-estate

A company that turned homeowners into renters abruptly shuts down

EasyKnock, a company offering controversial sale-leaseback deals, has abruptly shut down amid numerous lawsuits and investigations.

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.

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.

Splitero secures $350M in funding from Blue Owl Capital

Splitero partners with Blue Owl Capital to enhance access to home equity investments, aiding homeowners amid rising consumer debt.

He Started a Business to Help Homeowners. It Unlocked $1B. | Entrepreneur

Hometap offers homeowners a way to access home equity without monthly payments, solving a common financial constraint.

Connecticut, New Jersey lead the nation for home equity growth

Home prices are rising, impacting new buyers while existing homeowners benefit from growing home equity, which reached $35 trillion in 2024.

A company that turned homeowners into renters abruptly shuts down

EasyKnock, a company offering controversial sale-leaseback deals, has abruptly shut down amid numerous lawsuits and investigations.

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.

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.

Splitero secures $350M in funding from Blue Owl Capital

Splitero partners with Blue Owl Capital to enhance access to home equity investments, aiding homeowners amid rising consumer debt.

He Started a Business to Help Homeowners. It Unlocked $1B. | Entrepreneur

Hometap offers homeowners a way to access home equity without monthly payments, solving a common financial constraint.

Connecticut, New Jersey lead the nation for home equity growth

Home prices are rising, impacting new buyers while existing homeowners benefit from growing home equity, which reached $35 trillion in 2024.
morereal-estate

Home equity gains have slowed. Are home prices stabilizing?

Home equity among U.S. mortgage holders grew by 2.5% in Q3 2024, but negative equity cases also increased for the first time in two years.
#retirement-planning

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

Knowing how much to have saved by retirement age is crucial for financial security.

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.

Cornerstone Financing secures $285M for equity-tapping product

Cornerstone Financing has raised $285 million for its innovative home equity product CHEIFS, aimed at improving retirement financing solutions through strategic partnerships.

It can be a trap' to carry mortgage debt into retirement: USA Today

Mortgage debt in retirement can be a financial trap for seniors, impacting their financial security and retirement plans.

How Finance of America Empowers Lenders Using Home Equity

Home equity wealth for senior homeowners exceeds $14 trillion, necessitating adaptation of mortgage professionals to meet demand.

What to do if you run out of money in retirement

Retiring at 65 may lead to financial shortfalls for many American households.
Understanding reverse mortgages can provide essential cash flow for retirees.

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

Knowing how much to have saved by retirement age is crucial for financial security.

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.

Cornerstone Financing secures $285M for equity-tapping product

Cornerstone Financing has raised $285 million for its innovative home equity product CHEIFS, aimed at improving retirement financing solutions through strategic partnerships.

It can be a trap' to carry mortgage debt into retirement: USA Today

Mortgage debt in retirement can be a financial trap for seniors, impacting their financial security and retirement plans.

How Finance of America Empowers Lenders Using Home Equity

Home equity wealth for senior homeowners exceeds $14 trillion, necessitating adaptation of mortgage professionals to meet demand.

What to do if you run out of money in retirement

Retiring at 65 may lead to financial shortfalls for many American households.
Understanding reverse mortgages can provide essential cash flow for retirees.
moreretirement-planning

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.

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.
#mortgage

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.

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.

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.

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.
moremortgage
#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

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.

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.

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.
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.
#homeownership

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.

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.
morehomeownership
#helocs

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.

Originators cannot afford to play the interest rate waiting game

Originators must seek innovative ways to serve borrowers and grow business in a competitive mortgage market with high prices and interest rates.

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.

Originators cannot afford to play the interest rate waiting game

Originators must seek innovative ways to serve borrowers and grow business in a competitive mortgage market with high prices and interest rates.
morehelocs

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.

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.

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.

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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