If These 5 Things Are True, It's Time to Refinance Your HouseRefinancing can provide extra funds, but careful consideration of costs and goals is crucial.
Fannie Mae's title waiver pilot program one year laterUWM's TRAC Lite program saves consumers significantly on title insurance costs, with average savings exceeding $1,000 per transaction.
Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equityHomeowners are hesitant to refinance due to high interest rates despite increased home equity.
If These 5 Things Are True, It's Time to Refinance Your HouseRefinancing can provide extra funds, but careful consideration of costs and goals is crucial.
Fannie Mae's title waiver pilot program one year laterUWM's TRAC Lite program saves consumers significantly on title insurance costs, with average savings exceeding $1,000 per transaction.
Mortgage refinance demand drops further, despite homeowners sitting on $17 trillion in equityHomeowners are hesitant to refinance due to high interest rates despite increased home equity.
FOA's Kristen Sieffert talks about growing the business in 2025FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.
Guild announces new Flex Payment Mortgage' suite of reverse productsGuild Mortgage introduces the Flex Payment Mortgage, enabling seniors to access home equity without needing to sell or affecting their social benefits.
loanDepot adds first-lien HELOC to its product suiteloanDepot's new first-lien HELOC allows homeowners without a mortgage to access home equity with flexible terms, addressing financial pressures.
Splitero expands its home equity investments to five new statesSplitero empowers homeowners to access their equity without incurring debt, addressing rising living costs and high consumer debt levels.
Onity leaders on reverse mortgage profitability, proprietary product developmentLiberty is the fourth-largest reverse mortgage lender in the U.S. and seeks to reenter proprietary market for growth.
Rate announces revamp of reverse mortgage division with industry veteransRate 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's Kristen Sieffert talks about growing the business in 2025FOA aims to capture a significant portion of the $14 trillion senior home equity market through digital transformation and partnerships.
Guild announces new Flex Payment Mortgage' suite of reverse productsGuild Mortgage introduces the Flex Payment Mortgage, enabling seniors to access home equity without needing to sell or affecting their social benefits.
loanDepot adds first-lien HELOC to its product suiteloanDepot's new first-lien HELOC allows homeowners without a mortgage to access home equity with flexible terms, addressing financial pressures.
Splitero expands its home equity investments to five new statesSplitero empowers homeowners to access their equity without incurring debt, addressing rising living costs and high consumer debt levels.
Onity leaders on reverse mortgage profitability, proprietary product developmentLiberty is the fourth-largest reverse mortgage lender in the U.S. and seeks to reenter proprietary market for growth.
Rate announces revamp of reverse mortgage division with industry veteransRate 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.
Our home has doubled in value over the past 10 years - should we sell it and move to a cheaper part of the country?Selling the home may be more beneficial than renting it out despite capital gains tax concerns.
A Personal Finance Reporter Ponders His Own Climate Change RiskClimate change is reshaping real estate decisions, impacting property values, insurance availability, and long-term livability concerns.
Homeowners are sitting on more than $35 trillion in equityHome equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.
A company that turned homeowners into renters abruptly shuts downEasyKnock, a company offering controversial sale-leaseback deals, has abruptly shut down amid numerous lawsuits and investigations.
How Much Equity Do I Have in My Home? Here's How to Calculate Home EquityHome equity is the amount of your home that you own after mortgage payments.You can leverage home equity through loans or lines of credit.Calculating home equity involves knowing your home's value and mortgage balance.
Homeowners Just Gained $25,000 in Home Equity-but Lost It in 3 StatesHomeowners average a $25,000 gain in equity, leading to increased wealth and financial options.
Our home has doubled in value over the past 10 years - should we sell it and move to a cheaper part of the country?Selling the home may be more beneficial than renting it out despite capital gains tax concerns.
A Personal Finance Reporter Ponders His Own Climate Change RiskClimate change is reshaping real estate decisions, impacting property values, insurance availability, and long-term livability concerns.
Homeowners are sitting on more than $35 trillion in equityHome equity reached an all-time high of $35.1 trillion, significantly increasing from previous years, indicating wealth accumulation among homeowners.
A company that turned homeowners into renters abruptly shuts downEasyKnock, a company offering controversial sale-leaseback deals, has abruptly shut down amid numerous lawsuits and investigations.
How Much Equity Do I Have in My Home? Here's How to Calculate Home EquityHome equity is the amount of your home that you own after mortgage payments.You can leverage home equity through loans or lines of credit.Calculating home equity involves knowing your home's value and mortgage balance.
Homeowners Just Gained $25,000 in Home Equity-but Lost It in 3 StatesHomeowners average a $25,000 gain in equity, leading to increased wealth and financial options.
NRMLA supports Hawaii bill seeking state-run reverse mortgage programNRMLA advocates for revisions to H.B. 1306 to clarify borrower's obligations and assistance provisions for homeowners post-equity exhaustion.
This is why I'll never take out a reverse mortgage - 5 hidden costs you need to know aboutReverse mortgages can be appealing for seniors needing funds, but they come with significant hidden costs.
New executive leaders at FOA to focus on modernizing' tech, customer experienceBrian Conneen and Karime Benaissa's appointments are crucial for FOA's digital transformation and modernization of the reverse mortgage industry.
Senior-held home equity falls slightly in Q3 2024Senior-held home equity has decreased due to a drop in home values and rise in mortgage debt, highlighting concerns for older homeowners' financial stability.
Reverse mortgages could be practical' long-term care funding optionReverse mortgages offer flexibility in accessing home equity without the need to downsize.
Oregon reverse mortgage bill that could halt proprietary business may be amendedSenate Bill 534 aims to increase transparency for seniors regarding home equity contracts to protect them from hidden fees.
What to do if you run out of money in retirementRetiring at 65 may lead to financial shortfalls for many American households.Understanding reverse mortgages can provide essential cash flow for retirees.
This is why I'll never take out a reverse mortgage - 5 hidden costs you need to know aboutReverse mortgages can be appealing for seniors needing funds, but they come with significant hidden costs.
New executive leaders at FOA to focus on modernizing' tech, customer experienceBrian Conneen and Karime Benaissa's appointments are crucial for FOA's digital transformation and modernization of the reverse mortgage industry.
Senior-held home equity falls slightly in Q3 2024Senior-held home equity has decreased due to a drop in home values and rise in mortgage debt, highlighting concerns for older homeowners' financial stability.
Reverse mortgages could be practical' long-term care funding optionReverse mortgages offer flexibility in accessing home equity without the need to downsize.
Oregon reverse mortgage bill that could halt proprietary business may be amendedSenate Bill 534 aims to increase transparency for seniors regarding home equity contracts to protect them from hidden fees.
What to do if you run out of money in retirementRetiring at 65 may lead to financial shortfalls for many American households.Understanding reverse mortgages can provide essential cash flow for retirees.
Home equity buffer remains strong, but underwater homes rise 9%Home equity among U.S. homeowners rose by $4,100 between Q4 2023 and Q4 2024, reflecting regional disparities and moderation in price appreciation.
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.
Home equity buffer remains strong, but underwater homes rise 9%Home equity among U.S. homeowners rose by $4,100 between Q4 2023 and Q4 2024, reflecting regional disparities and moderation in price appreciation.
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.
Thinking of releasing equity to fund a home renovation? Here's how to weigh up the risks, benefits and alternative optionsEquity release can be a complex and costly financial product, requiring careful consideration before use.
Deephaven Mortgage goes all in with expansion of home equity offeringsDeephaven Mortgage has launched new home equity products to leverage rising home prices and meet homeowners' financial needs.
Thinking of releasing equity to fund a home renovation? Here's how to weigh up the risks, benefits and alternative optionsEquity release can be a complex and costly financial product, requiring careful consideration before use.
Deephaven Mortgage goes all in with expansion of home equity offeringsDeephaven Mortgage has launched new home equity products to leverage rising home prices and meet homeowners' financial needs.
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.
The Best Cities for Boomers To Retire in LuxuryRetirees can achieve luxury living through careful financial planning and leveraging home equity.The luxury real estate market remains active despite broader economic challenges.
The silver tsunami' wealth transfer will mostly stay in the familyBaby boomers possess $17 trillion in home equity, indicating significant intergenerational wealth transfer opportunities.
Why home equity should be in the long-term care conversation - HousingWireHome equity is crucial for addressing long-term care costs in retirement planning.
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.
The Best Cities for Boomers To Retire in LuxuryRetirees can achieve luxury living through careful financial planning and leveraging home equity.The luxury real estate market remains active despite broader economic challenges.
The silver tsunami' wealth transfer will mostly stay in the familyBaby boomers possess $17 trillion in home equity, indicating significant intergenerational wealth transfer opportunities.
Why home equity should be in the long-term care conversation - HousingWireHome equity is crucial for addressing long-term care costs in retirement planning.
The Irish Independent's View: Extending the Fair Deal Scheme to include home care carries many challengesThe Fair Deal Scheme allows families to use a relative's home equity for nursing-home care after their death, providing a fair financial solution.
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.
Britannica highlights sandwich generation' and senior caregivingThe sandwich generation faces significant financial and caregiving burdens while balancing the needs of aging parents and adult children.
The Average American Refinances Their Home Every 6 Years - Here's How to Know If You ShouldRefinancing 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 itHomeowners 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 collegeHome equity loans and HELOCs are viable options for funding college costs, but they come with significant risks that should be carefully considered.
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.
Britannica highlights sandwich generation' and senior caregivingThe sandwich generation faces significant financial and caregiving burdens while balancing the needs of aging parents and adult children.
The Average American Refinances Their Home Every 6 Years - Here's How to Know If You ShouldRefinancing 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 itHomeowners 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 collegeHome equity loans and HELOCs are viable options for funding college costs, but they come with significant risks that should be carefully considered.
UWM to offer cash-outs with up to 90% LTV and no mortgage insuranceUWM launches a new cash-out loan with 90% LTV and no mortgage insurance, capitalizing on increased equity and competitive refinancing market.
loanDepot enhances home equity access with two new productsLoanDepot expands home equity options to help borrowers lower payments without affecting mortgage rates.
UWM to offer cash-outs with up to 90% LTV and no mortgage insuranceUWM launches a new cash-out loan with 90% LTV and no mortgage insurance, capitalizing on increased equity and competitive refinancing market.
loanDepot enhances home equity access with two new productsLoanDepot expands home equity options to help borrowers lower payments without affecting mortgage rates.
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 itHomeowners reached an all-time high of $32 trillion in home equity in early 2024, driven by rising home prices.
Senior-held home equity jumps to $14T in Q2Older homeowners' collective home equity rose to $14 trillion, emphasizing the importance of this wealth in retirement planning.
Skyrocketing home values driving higher property taxesMiami homeowners benefit from rising home equity, but face soaring property taxes, complicating the housing affordability crisis post-pandemic.
Seniors are in the sweet spot for tapping into home equityHomeowners currently have $35 trillion in equity, double pre-crisis levels, with older homeowners increasingly accessing this wealth for retirement.
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 itHomeowners reached an all-time high of $32 trillion in home equity in early 2024, driven by rising home prices.
Senior-held home equity jumps to $14T in Q2Older homeowners' collective home equity rose to $14 trillion, emphasizing the importance of this wealth in retirement planning.
Skyrocketing home values driving higher property taxesMiami homeowners benefit from rising home equity, but face soaring property taxes, complicating the housing affordability crisis post-pandemic.
Seniors are in the sweet spot for tapping into home equityHomeowners currently have $35 trillion in equity, double pre-crisis levels, with older homeowners increasingly accessing this wealth for retirement.
Nebraska man who lost his home over $588 debt is getting it backHomeowners' equity is constitutionally protected, preventing municipalities from completely taking their properties over small tax debts.
Unison unveils hybrid' home equity sharing loanUnison'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.
Nebraska man who lost his home over $588 debt is getting it backHomeowners' equity is constitutionally protected, preventing municipalities from completely taking their properties over small tax debts.
Unison unveils hybrid' home equity sharing loanUnison'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.
FOA posts robust Q3 earnings as company touts product, platform changesFinance 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 limitFHA 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 onDave Ramsey warns against reverse mortgages due to high fees and risk of losing home.
FOA lowers rate, expands HomeSafe Second reverse mortgage into new statesFinance 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 changesFinance 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 limitFHA 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 onDave Ramsey warns against reverse mortgages due to high fees and risk of losing home.
FOA lowers rate, expands HomeSafe Second reverse mortgage into new statesFinance of America reduces interest rate on HomeSafe Second reverse mortgage and expands its availability, indicating a shift towards more accessible home equity solutions.
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 sureLisa 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 productCornerstone 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 TodayMortgage 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 EquityHome equity wealth for senior homeowners exceeds $14 trillion, necessitating adaptation of mortgage professionals to meet demand.
House-Rich, Cash-Strapped: Advice for Older HomeownersHome equity is a significant portion of net worth for homeowners, varying among different demographic groups.
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 sureLisa 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 productCornerstone 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 TodayMortgage 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 EquityHome equity wealth for senior homeowners exceeds $14 trillion, necessitating adaptation of mortgage professionals to meet demand.
House-Rich, Cash-Strapped: Advice for Older HomeownersHome equity is a significant portion of net worth for homeowners, varying among different demographic groups.
At the Hard Rock Hotel, FHA's Gordon talks reverse mortgage observations, possible enhancementsFHA 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 programMontana'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 enhancementsFHA 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 programMontana's RAM program effectively supports seniors by providing lower-cost reverse mortgage options,
Home equity agreement firm Unlock completes $30M Series B roundUnlock Technologies has raised $30 million in Series B funding to enhance its home equity agreement offerings for homeowners seeking financial flexibility.
The HELOC High Yield Hack Homeowners Should Wake Up ToHELOCs are a good option for homeowners, especially seniors, to access cash without selling their home.
Originators cannot afford to play the interest rate waiting gameOriginators 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 ToHELOCs are a good option for homeowners, especially seniors, to access cash without selling their home.
Originators cannot afford to play the interest rate waiting gameOriginators must seek innovative ways to serve borrowers and grow business in a competitive mortgage market with high prices and interest rates.
Teraverde CEO Jim Deitch on finding ways to monetize home equityInnovation and creativity are key for lenders to succeed in the current market environment.
Homeowners sitting on a pile of cash with $17T in home equity: CoreLogicHome 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.comForeclosures 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.