Housing Wire

JUNE 1, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Taking out a HELOC is a viable option for homeowners who want to keep their primary mortgage, and still tap the equity in their home. A HELOC is now cheaper than a refi.

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Housing Wire

AUGUST 24, 2022

Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. According to UWM, standalone HELOCs are an alternative when a “cash-out refinance doesn’t make sense due to having a low-interest rate on their current mortgage,” the company said in a news release.

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Housing Wire

JANUARY 18, 2023

However, the standard HELOC isn’t the right choice for everyone. HousingWire: What makes HECMs an advantageous alternative to HELOCs in today’s market? HousingWire: What makes HECMs an advantageous alternative to HELOCs in today’s market? The HECM program also offers more flexibility as compared to a HELOC.

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Housing Wire

MAY 3, 2022

As people look for alternate means to access the equity in their homes, home equity lines of credit (HELOCs) are poised to make a comeback. Taking out a HELOC is a viable option for homeowners who want to keep their primary mortgage, and still tap the equity in their home. A HELOC is now cheaper than a refi.

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Housing Wire

JULY 12, 2023

The collaboration with several of the country’s top independent mortgage banks is aimed at getting Figure’s home equity line of credit ( HELOC ) products in front of homeowners who have seen equity grow in recent years. Figure recently eclipsed over $6 billion in HELOC originations, the company said.

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Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. The mello HELOC will be a digital-first product, according to the company. The company achieved a 3.4% market share for the entire year, up from 2.5%

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Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. of banks reported weaker demand for HELOCs.

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Inman

APRIL 5, 2024

Broker Julie Busby shares tips for making messages around HELOCs and real estate investing a centerpiece of your springtime content marketing efforts.

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Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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Realty Biz

MARCH 14, 2024

One of the recent methods that has gained attention is using a Home Equity Line of Credit (HELOC) for investing. Let's look into investing with a HELOC to better understand the potential and challenges. Can You Invest By Using A HELOC? Is this wise or risky? This only engages the appeal.

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Housing Wire

JANUARY 9, 2024

The popularity of home equity lines of credit (HELOCs) and closed-end second (CES) mortgages last year was reflected in the secondary market as well, where the volume of securitizations rose sevenfold from 2022 levels. HELOCs have easily been the product with the largest increase in [loan]-trading volumes.”

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Inman

JULY 12, 2023

As it continues to sign private label partners for its blockchain-powered loans, Figure says it's provided more than $6 billion in HELOCs to roughly 85,000 households.

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Bigger Pockets

JANUARY 31, 2024

Getting a home equity line of credit (HELOC) is one of the easiest ways to leverage your home equity and buy your first rental property. But what is the best […]

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Equity 111

Bigger Pockets

JANUARY 22, 2024

Got a HELOC? Don’t pay it off…yet! Thinking of house hacking but are discouraged by the low cash flow numbers you’re getting back? Looking to invest in a high property […]

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Housing Wire

MARCH 20, 2024

Figure Technologies launched a wholesale lending platform in June 2023 that gives loan originators access to the company’s home equity line of credit (HELOC) offering. Figure posted HELOC originations of more than $8 billion as of February 2024 and served at least 100,000 households across the country, according to its website.

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Better Dwelling

JANUARY 30, 2023

Canadians are cooling on home equity line of credit (HELOC) loans, but homes are still being used as ATMs. Filings show the balance of HELOC loans fell slightly in November. Don’t let that fool you into thinking the spree of home equity spending is over though.

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Bigger Pockets

OCTOBER 11, 2023

HELOCs can help you get the funding you need for your next deal, but is it a strategy you can always count on? Read more to find out.

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Housing Wire

FEBRUARY 12, 2024

Home equity line of credit (HELOC) volume was down slightly between the third and fourth quarters of last year but remained elevated by 9% on year-over-year basis. Balances on HELOCs rose for seven consecutive quarters and stood at $360 billion in Q4 2023, according to recent data from the Federal Reserve Bank of New York.

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The Mortgage Report

JANUARY 6, 2023

Current HELOC rates are rising. But HELOC rates might still be a better deal than cash-out mortgage rates. Here's why.

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Housing Wire

MARCH 10, 2023

Among the nonbanks that either have or plan to introduce HELOC loan products are United Wholesale Mortgage , Rocket Mortgage , Guaranteed Rate , loanDepot and New Residential Investment Corp. billion in HELOC trading volume, which he described as a “monster” year. rebranded as Rithm Capital ). to 2 points.”

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Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The news is just as positive in the more traditional home equity sector of HELOCs and CESs. billion, according to a review of bond-rating and industry reports.

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Bigger Pockets

SEPTEMBER 27, 2023

Investors can use a HELOC to draw from the equity in their property to obtain capital for another investment. Here's how it all works.

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Housing Wire

OCTOBER 19, 2023

Of the overall equity withdrawals, home equity line of credit ( HELOC ) took up more than half (52%) of the share in Q2, with cash-out refis accounting for the rest. They can get that equity withdrawal at a slightly better interest rate than what you could withdraw equity on a HELOC,” said Walden.

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Housing Wire

MARCH 29, 2024

Department of Veterans Affairs (VA) loans (9%) and home equity lines of credit, or HELOCs (6%). HELOC-related complaints also increased by 21% compared to the monthly average observed over the prior two years. Further down on the list were “other types of mortgages” (5%), reverse mortgages (2%), and negligible numbers of U.S.

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Bigger Pockets

NOVEMBER 30, 2023

Here’s a look at the tradeoff between HELOCs and cash-out refinances—the two most common and popular ways to tap into your home equity while maintaining and keeping the ownership of your home.

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Equity 107

Better Dwelling

NOVEMBER 30, 2021

Bank of Canada (BoC) data shows home equity lines of credit (HELOC) debt surged in September. HELOC debt slowed last year but now it’s back with a vengeance, growing faster than the economy. The post Canadian HELOC Balances Rise Another $1.7 Canadian homeowners are tapping their real estate windfall to fund a spending binge.

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Housing Wire

MARCH 29, 2023

The demand for home-equity loans, particularly home-equity lines of credit (HELOCs) as well as shared-equity investment products, is now stronger than at any time since before the global financial crisis some 15 years ago. The Towd Point deal involved HELOCs as well as CES loans originated by nonbanks Rocket Mortgage and Spring EQ.

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Bigger Pockets

OCTOBER 21, 2023

About to take out a HELOC to buy an investment property? This could be a move you regret for years, ESPECIALLY if you’re doing this in 2023. As home prices […]

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Bigger Pockets

SEPTEMBER 24, 2023

We'll explain if a cash out refinance or HELOC is right for you. If you've built equity in your properties, you may be eligible to cash it out.

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Realty Biz

MAY 3, 2023

However, there are ways that you can turn the equity in your property into liquid resources through what’s called a home equity line of credit, or HELOC. Here’s what you need to know about HELOCs, how they work, how to get one, and how to use one effectively. What is a home equity line of credit (HELOC)?

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Housing Wire

APRIL 24, 2024

With its proven ability to develop cutting-edge technological solutions to streamline the HELOC lending process, Figure has cemented itself as one of the most exciting companies in fintech ,” Tannenbaum said in a statement. “I

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Housing Wire

APRIL 18, 2023

The launch of the working group comes at a time when HELOC s are an increasingly popular choice for homeowners who want to tap into their home’s rising equity while protecting their existing low mortgage rates. The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7% billion in Q4 2021.

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Bigger Pockets

JULY 8, 2023

Choosing between a HELOC vs home equity loan is a big decision. We'll explain the benefits of each to help you make the best choice.

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The Mortgage Report

JANUARY 5, 2023

You almost always need a new appraisal to get a HELOC. But the appraisal can actually work in your favor if your home's value has gone up.

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Equity 71

Housing Wire

AUGUST 1, 2022

Last month, Guaranteed Rate rolled out a digital home equity line of credit (HELOC) that offers customers a fixed rate and a fixed term of up to 30 years. loanDepot , another top nonbank, plans to launch its all-digital HELOC by the fourth quarter of 2022. The Chicago-based lender also debuted an unsecured personal loan product.).

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Housing Wire

FEBRUARY 6, 2024

A moderate net share of banks tightened standards on home equity line of credits, or HELOCs (13.7%), non-QM non-jumbo (12.5%), subprime (9.1%), and QM non-jumbo, non-government-sponsored enterprise (non-GSE) eligible loans (11.5%). of banks reported weaker demand for HELOCs. The survey showed that a net 25.5%

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Housing Wire

AUGUST 5, 2022

Despite rising rates, demand for home equity lines of credit (HELOCs) continues to surge with 2022 origination levels up more than 40% from a year ago, according to data from Citizens. Cash-out refinance has not been the only source of competition for HELOCs in recent years. Cash-out refinance not a viable option. Customer experience.

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