#home-equity
#home-equity

Startup companies

Unison announces rate cut on alternative home equity loan product

Unison offers a lower-rate home equity loan alternative, helping homeowners access funds with lower monthly payments amidst rising economic anxiety.

I want to do a major renovation costing over $100k - what's the best way to financially pay for that?

Careful financing choices are crucial when considering a $100K home renovation.

fromwww.nytimes.com

A Personal Finance Reporter Ponders His Own Climate Change Risk

Climate change is reshaping real estate decisions, impacting property values, insurance availability, and long-term livability concerns.

Boston real estate

3 days ago

The potential benefits of senior property tax deferral programs

Property tax deferral programs could serve as a better retirement asset option for homeowners compared to downsizing or reverse mortgages.

6 days ago

LA real estate

I've been a homeowner for 4 years. Here's what I wish I would've known first

Homeownership can greatly increase financial stability, but buyers must thoroughly educate themselves beforehand.

Real estate

Britannica highlights sandwich generation' and senior caregiving

The sandwich generation faces significant financial and caregiving burdens while balancing the needs of aging parents and adult children.

Business

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.

Renovation

I want to do a major renovation costing over $100k - what's the best way to financially pay for that?

Careful financing choices are crucial when considering a $100K home renovation.

fromwww.nytimes.com

A Personal Finance Reporter Ponders His Own Climate Change Risk

Climate change is reshaping real estate decisions, impacting property values, insurance availability, and long-term livability concerns.

Boston real estate

3 days ago

The potential benefits of senior property tax deferral programs

Property tax deferral programs could serve as a better retirement asset option for homeowners compared to downsizing or reverse mortgages.

6 days ago

LA real estate

I've been a homeowner for 4 years. Here's what I wish I would've known first

Homeownership can greatly increase financial stability, but buyers must thoroughly educate themselves beforehand.

Real estate

Britannica highlights sandwich generation' and senior caregiving

The sandwich generation faces significant financial and caregiving burdens while balancing the needs of aging parents and adult children.

Business

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.

more#financial-planning

#market-trends

fromBoston Condos For Sale Ford Realty

4 days ago

LA real estate

If you own your house, you're sitting on a "mountain of cash" right now

U.S. homeowners are benefiting from high home equity due to rising home values.

1 week ago

Boston real estate

What Your Boston Condo Will Be Worth In 2025 ? Boston Condos For Sale Ford Realty

Homeownership builds significant equity which many homeowners may underestimate.

Nationwide, home prices have increased by over 57% in the last five years, greatly boosting home equity.

6 months ago

Real estate

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.

LA real estate

fromBoston Condos For Sale Ford Realty

4 days ago

If you own your house, you're sitting on a "mountain of cash" right now

U.S. homeowners are benefiting from high home equity due to rising home values.

Boston real estate

1 week ago

What Your Boston Condo Will Be Worth In 2025 ? Boston Condos For Sale Ford Realty

Homeownership builds significant equity which many homeowners may underestimate.

Nationwide, home prices have increased by over 57% in the last five years, greatly boosting home equity.

6 months ago

Real estate

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.

more#market-trends

1 week ago

Startup companies

Liberty Reverse Mortgage relaunches EquityIQ proprietary product

EquityIQ offers seniors a low-cost, high-proceed reverse mortgage option with fewer restrictions and no ongoing fees.

#real-estate-market

Retirement

2 weeks ago

US home equity has reached $35 trillion. It's a blessing and a curse

High home equity can reduce college financial aid eligibility while homeowners face financial strain and hesitancy to sell.

Market volatility and rising property taxes complicate home equity utilization and home sales.

Real 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

2 weeks ago

US home equity has reached $35 trillion. It's a blessing and a curse

High home equity can reduce college financial aid eligibility while homeowners face financial strain and hesitancy to sell.

Market volatility and rising property taxes complicate home equity utilization and home sales.

Real 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.

more#real-estate-market

#mortgage

FOA's Kristen Sieffert talks about growing the business in 2025

FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.

3 weeks ago

The 5 Metros With the Greatest Number of Foreclosures To Start 2025

Foreclosure rates are rising in major U.S. cities as many homeowners struggle to make payments.

4 weeks ago

Real estate

Selling a House When the Mortgage Hasn't Been Paid Off Is Fine-Unless It's Delinquent

You can sell a house even with an unpaid mortgage, as proceeds help pay off the loan.

FOA's Kristen Sieffert talks about growing the business in 2025

FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.

3 weeks ago

The 5 Metros With the Greatest Number of Foreclosures To Start 2025

Foreclosure rates are rising in major U.S. cities as many homeowners struggle to make payments.

4 weeks ago

Real estate

Selling a House When the Mortgage Hasn't Been Paid Off Is Fine-Unless It's Delinquent

You can sell a house even with an unpaid mortgage, as proceeds help pay off the loan.

Millions of Americans Blocked From Accessing $731 Billion in Home Equity Thanks to Negative Credit 'Shocks'

Homeowners are increasingly blocked from accessing their home equity due to high interest rates and job instability.

Business

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.

Tech industry

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.

Real estate

Splitero expands its home equity investments to five new states

Splitero empowers homeowners to access their equity without incurring debt, addressing rising living costs and high consumer debt levels.

LA real estate

3 weeks ago

Millions of Americans Blocked From Accessing $731 Billion in Home Equity Thanks to Negative Credit 'Shocks'

Homeowners are increasingly blocked from accessing their home equity due to high interest rates and job instability.

Business

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.

Tech industry

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.

Real estate

Splitero expands its home equity investments to five new states

Splitero empowers homeowners to access their equity without incurring debt, addressing rising living costs and high consumer debt levels.

more#real-estate

#retirement-planning

Marketing tech

FOA enlists new marketing agency in renewed push

The initiative seeks to redefine the reverse mortgage perception and educate homeowners aged 55+ on home equity's role in retirement.

Business

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.

Business

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.

Miscellaneous

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.

SF parents

My retired parents live on $2,400 a month and still owe $100k on their home - should they sell and move somewhere cheaper?

The Reddit poster is concerned about his retired parents' financial situation with no savings and plans to seek expert advice.

NYC real estate

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.

Marketing tech

FOA enlists new marketing agency in renewed push

The initiative seeks to redefine the reverse mortgage perception and educate homeowners aged 55+ on home equity's role in retirement.

Business

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.

Business

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.

Miscellaneous

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.

SF parents

My retired parents live on $2,400 a month and still owe $100k on their home - should they sell and move somewhere cheaper?

The Reddit poster is concerned about his retired parents' financial situation with no savings and plans to seek expert advice.

NYC real estate

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.

more#retirement-planning

#housing-market

LA real estate

Homeowners Are Sitting on $34.7 Trillion in Equity-but Mortgage Debt Is Growing

Home equity in the U.S. reached a significant milestone, offering homeowners leverage despite ongoing economic challenges.

fromNew York Post

Business

Homeowners have gained almost $150K in wealth over the past 5 years

Homeowners have gained significant equity, averaging $147,000 over the past five years, indicating a stable housing market.

Business

Will we see home equity gains in 2025?

Homeowners have gained significant equity, with average increases of $117,000 since the pandemic, totaling $312,000 per mortgaged borrower.

Real estate

FHA's HECM limit rises above $1.2 million in 2025

The limit for federally backed reverse mortgages is increasing to $1,209,750 in 2025, enhancing access for older homeowners.

Real estate

Reverse mortgage analysts weigh in on 2025 HECM limit

FHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.

LA real estate

Homeowners Are Sitting on $34.7 Trillion in Equity-but Mortgage Debt Is Growing

Home equity in the U.S. reached a significant milestone, offering homeowners leverage despite ongoing economic challenges.

fromNew York Post

Business

Homeowners have gained almost $150K in wealth over the past 5 years

Homeowners have gained significant equity, averaging $147,000 over the past five years, indicating a stable housing market.

Business

Will we see home equity gains in 2025?

Homeowners have gained significant equity, with average increases of $117,000 since the pandemic, totaling $312,000 per mortgaged borrower.

Real estate

FHA's HECM limit rises above $1.2 million in 2025

The limit for federally backed reverse mortgages is increasing to $1,209,750 in 2025, enhancing access for older homeowners.

Real estate

Reverse mortgage analysts weigh in on 2025 HECM limit

FHA's HECM limit for 2025 is set at $1,209,750, but its impact on the market remains uncertain.

more#housing-market

Marketing tech

Fannie Mae's title waiver pilot program one year later

UWM's TRAC Lite program saves consumers significantly on title insurance costs, with average savings exceeding $1,000 per transaction.

#reverse-mortgages

New executive leaders at FOA to focus on modernizing' tech, customer experience

Brian Conneen and Karime Benaissa's appointments are crucial for FOA's digital transformation and modernization of the reverse mortgage industry.

Business

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.

SF real estate

Onity leaders on reverse mortgage profitability, proprietary product development

Liberty is the fourth-largest reverse mortgage lender in the U.S. and seeks to reenter proprietary market for growth.

Real estate

Tennessee official says reverse mortgages can offer property tax relief

Tennessee increases reverse mortgage income limit for seniors to $60,000, reflecting rising interest in financial options among older residents.

New executive leaders at FOA to focus on modernizing' tech, customer experience

Brian Conneen and Karime Benaissa's appointments are crucial for FOA's digital transformation and modernization of the reverse mortgage industry.

Business

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.

SF real estate

Onity leaders on reverse mortgage profitability, proprietary product development

Liberty is the fourth-largest reverse mortgage lender in the U.S. and seeks to reenter proprietary market for growth.

Real estate

Tennessee official says reverse mortgages can offer property tax relief

Tennessee increases reverse mortgage income limit for seniors to $60,000, reflecting rising interest in financial options among older residents.

more#reverse-mortgages

SF real estate

NRMLA supports Hawaii bill seeking state-run reverse mortgage program

NRMLA advocates for revisions to H.B. 1306 to clarify borrower's obligations and assistance provisions for homeowners post-equity exhaustion.

SF parents

My Boomer Parents Have Nothing For Retirement After Losing It All 5 Years Ago.

Many Baby Boomers are financially unprepared for retirement, impacting their children.

Nebraska man who lost his home over $588 debt is getting it back

Homeowners' equity is constitutionally protected, preventing municipalities from completely taking their properties over small tax debts.

Business

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.

US news

fromBoston.com

Nebraska man who lost his home over $588 debt is getting it back

Homeowners' equity is constitutionally protected, preventing municipalities from completely taking their properties over small tax debts.

Business

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.

more#home-ownership

6 months ago

Business

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.

Real estate

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.