Housing Wire

APRIL 9, 2025

Replacing a front door with a new steel model saw a 100% cost recovery rate, while closet renovations (83%) and new fiberglass front doors (80%) also offered significant returns, according to estimates from remodeling professionals. In contrast, the projects with the strongest cost recovery were more modest in scale.

Renovation

Housing Wire

OCTOBER 24, 2024

Sandoval said her approach is one that is difficult for banks and mortgage servicers to replicate, not only because of the face-to-face experience she offers but also because of the inherent – and often misguided– distrust that many distressed homeowners have for financial institutions. “There is nothing like that face to face.

Bankruptcy

Housing Wire

JANUARY 22, 2025

Home renovation projects could bring a variety of safety and efficiency improvements to older construction, but anxiety is a key element keeping many homeowners from exploring renovation projects. Baby boomers led the way in this respect, with 60% of boomer respondents saying savings would be the primary funding source for renovations.

Renovation

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. Mortgage interest rates have steadily ramped up throughout 2024. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash.

Loans

Housing Wire

JUNE 13, 2025

Mortgage veteran Glenn Stearns is taking a different approach with his latest venture. Kind Lending , a national wholesale mortgage lender and his second brainchild, is built on lean operations and a focus on efficiency — a contrast with his first company, Stearns Lending, which filed for Chapter 11 bankruptcy in 2019. He’s not wrong.

Mortgages

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. United Wholesale Mortgage (UWM) has the mortgage industry abuzz over its latest product, a higher-risk, cash-out refinance at a time of economic uncertainty. Cash-out refis have gained popularity due to record-high home equity levels in recent years.

Equity

Housing Wire

MARCH 5, 2025

The newest weekly mortgage applications survey data, released Wednesday by the Mortgage Bankers Association (MBA) included the lowest mortgage rates in months, which created a stir in the number of applications. More renovations? So now that rates are dropping, a renovation loan will be in the 7% range.

Loan Officer

Housing Wire

FEBRUARY 20, 2025

Digital homeownership company Better.com on Thursday announced a record 400% growth in its home equity line of credit ( HELOC ) and home equity loan businesses. of mortgaged residential properties in the U.S. So, that’s why we launched the HELOC product,” Garg explained. ” How is it so fast? .

Equity

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. Diego: We’ve kicked off 2025 with mortgage rates that haven’t done much except go a little bit higher. Diego: Why the push into home equity ?

New Construction

Housing Wire

MAY 12, 2025

The mortgage market might still be sluggish, but for originators willing to look beyond the traditional, theres real momentum building in the non-QM space. From your perspective, what (big picture) conditions are driving demand for closed-end second loans, home equity loans and HELOCs right now? Homes across the U.S

Loans

Housing Wire

MAY 22, 2025

It offers home renovation assistance designed to improve safety, accessibility, and functionality for older adults within their own homes, reducing the need for relocation to nursing homes or assisted living facilities. This program helps keep them in their homes, so they can live with dignity and remain independent. Its a win-win.

Due diligence

Housing Wire

MAY 14, 2025

One of the nations leading reverse mortgage lenders, Finance of America (FOA), posted strong first-quarter 2025 earnings results. These were often seen as a benefit to the wider industry by individual reverse mortgage professionals. But the company is aiming to try something new with its A Better Way With FOA campaign.

Finance

Housing Wire

JUNE 4, 2025

Ryan Young, founder and CEO of Fello.ai , recently shared how AI is transforming mortgage professionals ability to connect with clients. “ HousingWire: The mortgage industry has long been built around transactions, but todays borrowers expect more ongoing value. It comes down to timing and relevance.

Industrial

The Mortgage Report

JUNE 24, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? The average borrower now sits on $302,000 in equity. How Much Home Can I Afford?

Equity

Housing Wire

MARCH 11, 2025

The study compared median monthly rents to median homeownership costs including mortgage payments, taxes and fees across the 100 largest metros. It found that, without exception, renting was more affordable than owning a home with a mortgage. Renting may be the better option if: Affording a mortgage is difficult.

Equity

The Mortgage Report

AUGUST 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? You can borrow based on the home’s expected value after renovations. Check your renovation loan options.

Renovation

Housing Wire

AUGUST 5, 2025

The deal comes as elevated mortgage rates continue to discourage homeowners from moving. Instead, many are opting to renovate properties financed during the low-rate COVID era. According to ICE Mortgage Technology ’s Andy Walden, U.S. According to ICE Mortgage Technology ’s Andy Walden, U.S. homeowners now hold $11.6

Loans

The Mortgage Report

JULY 4, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Home equity loans offer fixed rates and lump sums, good for planned expenses. How Much Home Can I Afford?

Equity

The Mortgage Report

JULY 9, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? The most common ways to tap your equity include a HELOC, home equity loan, or cash-out refinance.

Equity

The Mortgage Report

JULY 10, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Can You Refinance a Home Equity Loan Without Refinancing Your Mortgage? How Much Home Can I Afford?

Equity

BAM Media

MAY 21, 2025

The scale of investment speaks volumes: even as home prices and mortgage rates remain elevated, Americans are choosing to improve rather than move. Three renovations earned a perfect 10: Primary bedroom suite addition This isnt just about square footage. Thats how much homeowners across the U.S. But the data tells a different story.

Renovation

Marco Santarelli

APRIL 19, 2025

Ever feel like you're just treading water with your mortgage? Maybe you're dreaming of lower monthly payments, paying off your home faster, or even tapping into your home equity for some much-needed renovations. Today's Refinance Rates – April 19, 2025: Is Now the Time to Refinance Your Mortgage?

Mortgages

The Mortgage Report

AUGUST 7, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Start here If you think you need equity in your home to start a renovation, think again.

Equity

HomeLight

APRIL 9, 2025

Through our Buy Before You Sell program, HomeLight can help you unlock a portion of your equity upfront to put toward your next home. It gives you access to the equity in your existing home so you can cover a down payment and closing costs on your new purchase without waiting for your old house to sell. Why Move Twice?

Equity

Marco Santarelli

JANUARY 27, 2025

On January 27, 2025, today's mortgage rates have seen a notable drop across various loan types, making it a potentially cost-effective time for homebuyers and those looking to refinance. The average rates for a 30-year fixed mortgage now sit at 7.04% , marking a significant decrease.

Mortgages

The Close

NOVEMBER 25, 2024

Set Up Your House Flipping Business Operations Many believe flipping houses is just about buying, renovating, and selling. The two main ways to dive into the house-flipping game are: Hard money loans : These loans offer faster approval and funding times than traditional mortgages.

House Flipping

The Close

NOVEMBER 25, 2024

Multifamily mortgage loans typically require 20% of the property price for a down payment, and there are inevitable maintenance and property management costs. Carrying costs: These are the monthly recurring costs of holding the property, including your mortgage, taxes, insurance, and utilities. Pro Tip: Overestimate your expenses.

Purchase and sale agreement

Marco Santarelli

DECEMBER 21, 2024

If you're asking yourself “Should I refinance my mortgage now or wait for 2025?”, Mortgage rates are showing some instability right now, but major reductions are unlikely anytime soon. Should I Refinance My Mortgage Now or Wait Until 2025? Tapping into home equity: You can refinance to pull cash out of your home.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

What To Expect From Your Listing Agent Why For Sale By Owners (FSBOs) Fail Blog Featured Articles Home Buying Home Selling LOCAL Rochester NY Articles How To Set A Home Renovation Budget Kyle Hiscock Kyle Hiscock | Greater Rochester NY Real Estate | Pittsford NY Realtor at RE/MAX Realty Group Have questions about buying or selling a home?

Renovation

Redfin

MARCH 4, 2025

One of the benefits of homeownership is building equity – the amount of the home you actually own. Home equity can be used to help you buy a new home, make improvements to your house to increase its value, or pay off debts. So, how do you calculate how much home equity you have? How is home equity calculated?

Equity

Marco Santarelli

MARCH 22, 2025

Thinking about buying a home or refinancing your current mortgage? For nine weeks straight now, mortgage rates have stayed below 7% , and thats a big deal for anyone watching the housing market. For those looking at a 15-year fixed-rate mortgage , the average is 5.83% , again with a small bump up from the previous week (0.03%).

Mortgages

BAM Media

JUNE 4, 2025

BAM Key Details: The latest ICE Mortgage Technology report shows U.S. homeowners tapped nearly $25 billion in home equity during Q1 2025the highest first-quarter volume since 2008 and a 22% increase year over year. Home equity reached a record $17.6 Tappable Equity Just Hit a Record $11.5 trillion, with $11.5

Equity

Marco Santarelli

NOVEMBER 23, 2024

It involves buying a property, renovating it, renting it out, refinancing it to pull out equity, and repeating the process with the profits. How it works: Buy: Identify and purchase a property below market value, often one that requires some renovations or repairs.

Hard money loan

Marco Santarelli

APRIL 23, 2025

If you're dreaming of buying a home or refinancing your current mortgage, you're probably wondering: when will mortgage rates go down? The short answer, based on current trends and expert predictions, is that a significant drop in mortgage rates in 2025 seems unlikely. while the 15-year fixed-rate mortgages are around 6%.

Mortgages

Redfin

JANUARY 10, 2025

Arguably, the most important variables to consider before you make the decision to sell are home equity, transaction costs, and local market conditions. Home equity Home equity is a term that measures the value of a home to its owner after all debts and liabilities (like a mortgage ) have been paid.

Seller concession

Marco Santarelli

MAY 14, 2025

Mortgage rates on May 14, 2025, are currently experiencing instability with variations in rates across different loan types. The average rate for a 30-year fixed mortgage stands at 6.84% , showing a slight increase, while the 15-year fixed mortgage has decreased marginally to 6.06%.

Mortgages

Marco Santarelli

MARCH 15, 2025

Are you thinking about renovating your kitchen, paying off some high-interest debt, or maybe even funding a dream vacation? This makes borrowing against your home equity more affordable than it has been in quite some time. HELOC stands for Home Equity Line of Credit. Well, good news! So, which option is best for you?

Equity