Housing Wire
JULY 1, 2022
Banks reported an increase in foreclosures during the first quarter of 2022, according to a quarterly survey published by the Office of the Comptroller of Currency this week. The seven banks surveyed reported a total of 42,427 modifications completed, a 10.7% of the loans modified included a principal deferral, the OCC said.
Housing Wire
AUGUST 15, 2022
The Federal Reserve Bank of New York ’s second-quarter 2022 Household Debt and Credit Report shows that limits on HELOCs jumped by $18 billion in the second quarter of this year, “the first substantial increase in HELOC limits since 2011,” and an indicator of an increase in new originations. billion in 2021 to $4.6
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Housing Wire
MAY 3, 2022
For instance, if the homeowner has only withdrawn $50,000 of the HELOC for a renovation or downpayment on a new home, the person would only be paying interest on the $50,000. Once approved for a HELOC, they can access the line of credit as needed, as opposed to having cash sitting in a savings bank from a refi.
Housing Wire
JUNE 1, 2022
For instance, if the homeowner has only withdrawn $100,000 of the HELOC for a renovation or downpayment on a new home, the person would only be paying interest on the $100,000. Once approved for a HELOC, they can access the line of credit as needed, as opposed to having cash sitting in a savings bank from a refi.
Realty Biz
SEPTEMBER 18, 2023
This legal document enables someone to handle property matters on behalf of another person when the principal cannot manage real estate affairs or deal with transactions from a distance. In certain situations, a power of attorney for real estate becomes necessary. When selling a home while out of state, people commonly utilize it.
HomeLight
JUNE 8, 2021
Once the principal payment kicks in, your payment would then go up to $1,285.33 So, while you’ll still have those first years of only having to pay interest, once that period is over, your interest rate will adjust — at the same time you’ll also start paying toward the mortgage principal. per month for those first five years.
Realty Biz
OCTOBER 9, 2022
We are pleased to sponsor our latest acquisition in the Bloomington-Normal market," said Adriel Deller, Principal at Placemaker Real Estate. million loan from Morton Community Bank. The property was acquired in an off-market transaction direct with the seller for $5 million. "We The acquisition was funded by a $1.6
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