Housing Wire
FEBRUARY 28, 2024
Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. No traditional income analysis or employment information is required.
Housing Wire
MARCH 10, 2023
Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”
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Housing Wire
FEBRUARY 5, 2024
of the median household income, the average payment is down from a 38-year high of more than 38% in October. But that number is still 9 percentage points above the 30-year average debt-to-income ratio of 24.2% The average mortgage holder now has $299,000 in equity, up from $274,000 at the end of 2022. million to 3.8
HomeLight
JANUARY 29, 2024
When a homeowner needs fast access to cash for a life change or opportunity, their first thought may be to tap into their equity. But what if you can’t afford to make additional monthly payments on a traditional home equity loan, or your credit score won’t qualify for a cash-out refinance or line of credit? homeowners.
Housing Wire
MARCH 20, 2024
The ripple effect: Fewer buyers, declining equity As indicated earlier, introducing a system where buyers are solely responsible for their agent’s fees might sound more equitable; however, this change harbors the potential for significant unintended economic consequences. This paradigm shift significantly benefited all parties involved.
HomeLight
DECEMBER 5, 2023
Discover the Innovative Way to Buy Your Next Home Before Selling Your Current Home Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. Your lender might need to crunch the numbers and calculate your debt-to-income ratio (DTI).
Housing Wire
MAY 4, 2022
Household balance sheets have improved: Since the Great Recession, mortgage rates have generally declined helping homeowners refinance into lower mortgage payments, while steadily rising home prices have significantly boosted homeowner equity. This article is part of our housing market economic update series.
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