Keeping Current Matters

DECEMBER 17, 2020

In a year that was financially devastating for many Americans, some good news for most homeowners is the dramatic gain in home equity over the last twelve months. Last week, CoreLogic released its 2020 3rd Quarter Homeowner Equity Insights report, which reveals four major findings: S. increase in equity over last year.

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Equity Renovation Mortgages Marketing 268

Housing Wire

FEBRUARY 3, 2023

And now, with the impact of inflation and looming economic uncertainty, home equity lines of credit (HELOCs) are an increasingly popular choice for those who are considering tapping into their home’s rising equity while protecting their existing, low mortgage rates. So, it’s imperative to speak with a lender.

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Renovation Fixed-rate mortgage Equity Finance 382

Housing Wire

JANUARY 5, 2024

Few things affect the real estate market more than the rise and fall of interest rates , which has a ripple effect that directly influences everything from buyer behavior to market trends. Lower interest rates tend to create a more dynamic and competitive market for buyers and often result in an eventual rise in home prices.

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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. HousingWire: What factors are contributing to borrowers falling out of the Agency market?

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Debt-to-income ratio Mortgages Banks Investor 423

HomeLight

JANUARY 17, 2024

Whether you’re a current homeowner or a potential homebuyer, it’s likely you understand that building equity in a home can be a life game-changer — for you and your family. Building equity in a property can significantly impact your financial future, including opening up more options for your next home purchase.

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Equity Renovation Loans Mortgages 78

Housing Wire

APRIL 23, 2024

loanDepot CEO Frank Martell expects the current mortgage market cycle to be “longer and tougher than anybody expected.” Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs).

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Housing Wire

AUGUST 15, 2022

A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel a resurgent market for home-equity lines of credit (HELOCs). billion in 2021 to $4.6

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GeekEstate

AUGUST 29, 2022

While real estate is an appreciating asset, homes often have untapped equity potential. Through AI, Machine Learning, and image analysis, Plunk Value shows the forecasted value of a fully renovated version of a home, paired with comparative analysis and value drivers explaining which factors drive the home value up or down. Learn More.

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Housing Wire

DECEMBER 1, 2022

Austin fintech startup Hitch has rolled out a HELOC platform to help homeowners tap into more than $100 billion in government grants available for home renovation. Established at the start of 2022, Hitch will give qualified owners access to up to 90% of the equity locked in their homes, the company said Thursday.

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Realty Biz

SEPTEMBER 29, 2022

If you’re in the process of planning a home renovation, you’re likely feeling both excited and anxious. Renovations can be a great way to update your home and add value to it, but they can also be tricky and expensive if not done correctly. A successful home renovation requires a team of skilled professionals.

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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. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

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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. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

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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. Here’s why: Homeowners will still want to use the record levels of equity in their homes. According to CNBC, homeowner equity is an aggregate $9.9 A HELOC is now cheaper than a refi.

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Realty Biz

DECEMBER 19, 2023

HOMEBASE offers users a comprehensive view of their home needs, including personalized repair and maintenance schedules, projected costs to assist with budgeting, and renovation ROI tools to increase property value. Ongoing repairs, maintenance and capital improvements are reactive and transactional for most homeowners.

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RIS Media

MARCH 16, 2022

During the frenetic housing market of the past two years, many buyers settled on a property in less-than-perfect condition in order to secure a home. Either way, home renovations are on the horizon for many. Rising home prices and low interest rates present an opportunity for homeowners to tap the equity in their home.

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HomeLight

DECEMBER 5, 2023

A bridge loan is your short-term financial bridge, designed to help you purchase that new home while your old one is still on the market. Here’s how it works: Your bridge loan, also known as a swing or bridging loan, leverages the equity you’ve built up in your current home. How does a bridge loan work in Connecticut?

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Equity Debt-to-income ratio Loans Home sale contingency 92

Lighter Side of Real Estate

JANUARY 10, 2024

Even if you haven’t done any major improvements to your house, the chances are your equity has grown considerably, which means you have some potential money that could be put to good use. Your equity is the difference between the amount your house is currently worth, and the amount you owe to any lenders.

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HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Hawaii can often feel like a high-stakes balancing act, especially when you’re trying to sell your old home while buying a new one. This challenge becomes even more daunting in a market where inventory is scarce, and prices are soaring. This is where a bridge loan comes into play.

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Equity Loans Debt-to-income ratio Home sale contingency 89

Housing Wire

AUGUST 27, 2021

Should you update your home before putting it on the market? Due to this ideology, over half of homeowners plan to upgrade their appliances before putting their homes on the market. Renovations Can Be Beneficial. This means you can potentially increase your home’s equity and lower your loan-to-value ratio. Bottom Line.

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Housing Wire

MAY 1, 2023

The Consumer Financial Protection Bureau (CFPB) announced on Monday a proposed rule that seeks to bolster consumer protections for borrowers seeking Property Assessed Clean Energy ( PACE ) financing for home renovations. on average — compared to the average interest rates for home purchase or home equity loans.

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HomeLight

NOVEMBER 29, 2023

Navigating the real estate market in Idaho can often feel like a high-stakes balancing act, especially when you’re caught between selling your old home and securing your new dream house. This challenge becomes even more daunting in a market where inventory is scarce and prices are soaring.

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HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

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Equity Finance Loans Closing costs 101

HomeLight

NOVEMBER 29, 2023

In a market with limited inventory and high prices, aligning the timing and finances for both transactions becomes a significant challenge. This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property.

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Equity Loans Debt-to-income ratio Home sale contingency 89

Real Estate Investar

APRIL 18, 2022

The renovation boom has been in full swing over the past 12 months, with many homeowners opting to use the rising market to tap into equity and do a home renovation.

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Renovation Equity Marketing 80

HomeLight

NOVEMBER 29, 2023

This balancing act becomes even more challenging in a market with low inventory and high prices. 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.

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Equity Loans Debt-to-income ratio Home sale contingency 86

Housing Wire

JANUARY 9, 2024

Importantly, homeowners can also include 50% of their estimated rental income when applying for an FHA renovation loan to construct an ADU, which helps with DTI constraints. Fannie Mae and Freddie Mac already have some guidelines for ADU financing, but they have yet to have a major impact on the overall supply in the market.

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Finance Construction Loans Renovation 477

Realty Biz

MAY 3, 2023

While you might have tens of thousands or even hundreds of thousands of dollars worth of equity built up in the value of your property, it’s often difficult to access that equity without selling the property. What is a home equity line of credit (HELOC)? HELOC Versus Second Mortgage: Which Is Better?

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Equity Loans Closing costs Mortgages 81

Housing Wire

DECEMBER 30, 2022

At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Whether it be through social media, connecting with real estate agents or going back to old-fashioned ways of knocking on people’s doors, they’ll have to focus on the purchase market going into the new year.

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Housing Wire

APRIL 27, 2021

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. The companies entered into a joint venture that puts $250 million of equity into single-family rental homes.

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GeekEstate

OCTOBER 29, 2021

I’m excited to release Thomvest’s real estate technology market map, which includes more than 240 companies operating within the residential real estate segment. This is the third update to the market map and includes over 100 additional companies — a testament to the pace of entrepreneurship in this segment.

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RIS Media

OCTOBER 4, 2021

But now, as more and more homeowners are sitting on growing piles of home equity, Unison has pivoted and hopes to make a splash by allowing people to draw cash from their home without adding to their monthly bills. trillion in home equity in just the last year, a run fueled by a historic increase in home prices.

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Equity Renovation Residential Investor 76

Realty Biz

NOVEMBER 29, 2021

A home equity loan is a loan that is secured by using your home as collateral. The amount that you can borrow is determined by how much your property is worth and your home equity. The money that you obtain can be used for virtually anything, including consolidating your debts or renovating your home. Financial Dreams.

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Housing Wire

APRIL 9, 2021

“We’re giving them an offer to unlock their equity and move forward to make an offer on their next home,” Ryan Raveis, co-president of William Raveis Real Estate, Mortgage & Insurance (WRRE) , said in an interview with HousingWire. Once the home sells, the homeowner receives the full proceeds.

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RIS Media

DECEMBER 10, 2020

CoreLogic® recently released the Home Equity Report for the third quarter of 2020. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen equity increase by 10.8 This marks the largest average equity gain since the first quarter of 2014. The report shows U.S. percent to 1.6

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Realty Biz

FEBRUARY 23, 2022

The three main routes to consider are equity release, remortgaging and downsizing, so let’s look at the pros and cons of each option and help you work out which will make the most sense for you. What is equity release? Equity release is great if you want to fund your retirement without being limited by your pension or personal savings.

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Housing Wire

APRIL 22, 2024

I would be happy to give you an equity analysis and let you know how much equity you have in your home. I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market.

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Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

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