Homeowner Wealth Increases Through Growing Equity This Year

Keeping Current Matters

In doing so, the principal payments behave like an automatic savings account. The principal payment is not money going out; it is money staying in.”. Home price appreciation plays a vital role in growing your equity and, ultimately, your wealth.

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The Importance of Home Equity in Building Wealth

Keeping Current Matters

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”.

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Should You Refinance Your Mortgage to Build Equity Faster?

RIS Media

Home equity is the difference between your house’s current market value and the amount you still owe on your mortgage. Speeding up the rate at which you pay down your loan balance can help you build equity faster. . How Can Refinancing Help You Build Home Equity?

LoanDepot gaining market share as profits narrow

Housing Wire

Retail powerhouse loanDepot continued to gain market share in the first quarter of 2021 despite tumbling profit margins. “Interest rates began to rise in late Q1, and there has been a corresponding reduction in market opportunities and gain on sale margins as a result.

How Tapping Home Equity Can Pay the Taxes on a Roth IRA Conversion


Yet the effects of new legislation and persistent market volatility make a Roth IRA conversion worth considering, and paying for it doesn’t have to break the bank. Alternatively, tapping into your home equity can provide the means to pay the taxes.

What Is the #1 Financial Benefit of Homeownership?

Keeping Current Matters

This ‘wealth’ is built, in large part, through the creation of equity…Building equity through your monthly principal payments and appreciation is a critical part of homeownership that can help you create financial stability.”. increase in total homeowner equity.

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Should I Move or Refinance?

Keeping Current Matters

The level of equity homeowners have is at an all-time high. Those with a mortgage are seeing their equity skyrocket too. Every time real estate values increase, homeowners get a dollar-for-dollar gain in their home equity. Home Equity Report from ATTOM Data Solutions : “17.8

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#320: Ask Paula – Thinking about Money from First Principles

Afford Anything

One is about the tax efficiencies of ETFs vs. mutual funds, while the other is about Ginny Mae funds and whether there are bond funds that have an inverse relationship with equities. Having a portfolio that drops in equities and bonds at the same time doesn’t sound appealing.

4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

Keeping Current Matters

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Most of the 1.86M in forbearance have enough equity to sell their home.

San Antonio Real Estate Market & Investment Overview 2020

Norada Real Estate

Let’s take a look at the current state of the San Antonio real estate market amid the coronavirus pandemic. Before this pandemic hit the nation, even though the San Antonio housing market had cooled off a bit, the home values were expected to climb but at a slower pace in 2020.

7 Real Estate Economic Experts Share 2021 Housing Market Predictions


Nobody could expect the coronavirus pandemic moving into 2020, and making predictions about what the housing market will bring in 2021 feels equally nebulous. Making 2021 housing market predictions isn’t easy in this environment, but we’ll do our best anyway.

4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure

Keeping Current Matters

Some assume there could potentially be millions of foreclosures ready to hit the market. 5% were granted a loan deferral where a borrower does not have to pay the lender interest or principal on a loan for an agreed-to period of time. Homeowners have record levels of equity today.

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Morty announces $25 million Series B funding

Housing Wire

In the end, the company makes money by charging a fee off the principal of the loan — paid for by the lender. Cofounder Nora Apsel said Morty’s funding came entirely in the form of equity, and that the company has raised more than $38 million to date.

Will Forbearance Plans Lead to a Tsunami of Foreclosures?

Keeping Current Matters

Yanling Mayer, Principal Economist at CoreLogic , recently revealed : “A distributional analysis of forborne loans’ payment status reveals that more than one third (39.1%) of all forborne loans are now 150+ days behind payment, while as many as 1-in-4 (25.5%) are 180+ days past due.”.

Presenting HousingWire’s 2021 Women of Influence

Housing Wire

VP, Marketing. Principal and Chair, Financial Instituions Regulatory Practice Group. EVP, Chief Marketing and Communications Officer. SVP, Chief Operating Officer of Investments & Capital Markets. VP, Strategic Communications and Marketing. SVP, Marketing.

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Why Now Is the Time to Consolidate Your Mortgage and HELOC

RIS Media

(TNS)—Homeowners have another opportunity to take advantage of a mortgage rate fire sale these days as a variety of economic factors and the Federal Housing Finance Agency’s decision to eliminate the refinance fee are all coming together to push the mortgage market back down.

Why CAR campaigned for California’s Proposition 19

Housing Wire

Proposition 19 eliminated the ability of homeowners to transfer primary residential properties to their children or grandchildren without the property’s tax assessment resetting to market value if the property is being used as a rental house or second home.

Fannie and Freddie CEOs talk 2021 challenges, controversial 50 bps refi fee

Housing Wire

He touted the speed with which Freddie offered liquidity to the market and embraced the use of alternative documents and signatures, and automated valuation to smooth the bumps in the road.

Taking the leap: The benefits of buying vs. renting a home

Housing Wire

When you make a mortgage payment, part of that money goes toward the principal balance. Should the property increase in value over time, then you, in turn, will have built up more equity. The equity built from owning a home can extend far beyond the homeowners themselves.

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@properties plucks Detroit shop as first franchisee

Housing Wire

But in 2018, a private equity firm, Charlottesville, Virginia-based Quad-C Management, took a stake in the company. In exchange, @Properties is offering its marketing department, their proprietary technology @platform, and potential financial assistance in a firm’s expansion.

Mortgage Tech: Blend, Black Knight and QuestSoft

Housing Wire

Data and analytics giant Black Knight continued its stride in to the secondary mortgage market, announcing a new AI function within its Optimal Blue application programming interface (API) platform.

Doma, formerly States Title, will go public via SPAC

Housing Wire

The transaction is expected to provide up to $645 million in cash proceeds and a fully committed private investment in public equity (PIPE) of $300 million. Generally accepted accounting principal (GAAP) revenues are expected to be around $226.4

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Strong refi business, low rates aren’t growing reverse mortgage audience

Housing Wire

While the reverse mortgage industry has seen strong business numbers for most of the past year with endorsements largely staying above 4,000 loans a month, the amount of Home Equity Conversion Mortgage (HECM)-to-HECM refinance transactions being done alongside other market factors frankly outside of the reverse mortgage industry’s control are doing very little to commensurately expand the penetration rate of the HECM category into the broader mortgage business.

IMBs have a duty to serve lower-income communities

Housing Wire

Federal Reserve Chairman Jerome Powell recently observed that across all kinds of financial services, activities that had once been principally the province of banks have moved into the nonbank sector, including IMBs.

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What Is a Second Mortgage and How Does It Work?


If you’re a homeowner looking to unlock the equity you’ve built up in your home, you might have heard about second mortgages. With a second mortgage, you can take that equity and spend it elsewhere. Home Equity: The Basics. Your equity can also grow in other ways.

CoreLogic confirms it is entertaining offers to sell at or above $80 per share

Housing Wire

In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties indicating preliminary interest based on public information in the potential acquisition of the Company at a value at or above $80 per share,” the company said in a press release Wednesday. “No The Company does not intend to comment further on market speculation or disclose further developments unless and until it deems further disclosure to be appropriate or required.”.

Why More Homebuyers Now Are Turning to This Much Riskier Type of Mortgage


Those lower monthly payments, instead of traditional 30-year fixed-rate mortgages, are proving to be a strong lure for buyers looking to afford a home in the white-hot housing market. ARMs are still a fairly small part of the mortgage market, making up just 3.6%

Upped Your Income? Decide Whether to Pay Off Your Home or Invest


make extra payments on the principal loan balance), you could save thousands of dollars in interest over time. Historically, the stock market averages 10% returns annually (closer to 6% or 7% of “real returns” when accounting for inflation).

Brand Report: Realogy Second Quarter 2021 Financial Results

RIS Media

We generated record operating EBITDA, gained market share for the fourth consecutive quarter and strengthened our balance sheet to its best position ever,” said Ryan Schneider, Realogy’s chief executive officer and president. Realogy Holdings Corp.

What Are the Costs Associated With Buying a Home?

RIS Media

It’s important to note that there are loans without a down payment requirement: USDA loans, for borrowers buying in designated markets (generally rural), and VA loans, for eligible service members and veterans.

J. Lennox Scott Receives Top Honor at National Conference

RIS Media

The Brokerage Leadership Award recognizes a principal broker who exemplifies extraordinary leadership and whose achievements have drawn the attention and admiration of others. John L. Scott Real Estate Chairman and CEO J.

Big investors are buying up more commercial real estate

Realty Biz

And that’s exactly what investors are betting on, causing prices to rise in the commercial real estate market as they snap up long-vacant office buildings in anticipation of demand.

How To Get A Loan For Investing In Real Estate

Realty Biz

Home equity. If you don’t have the money for a deposit—or don’t have the time or means to save up for one—you can get around this is if you already own a home with substantial equity. You can use part of this equity, or all of it, as a deposit for your investment property.

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Ask RK: 3 strategies to create a tax-deductible mortgage in Canada


Q: A reader wants to know if there is any way to convert a principal residence mortgage into tax-deductible debt. . Property A is our principal residence; property B is an investment property. Continue to get a mortgage to purchase your principal residence.

Worth it to Refinance? Current Low Rates Create Possible Savings Opportunity

RIS Media

The coronavirus pandemic has caused buyers to flood the markets. Homeowners must also take into consideration that refinancing can come with fees that range from 2 percent to 6 percent of the loan’s principal, which may offset savings depending on currently monthly payments.