Keeping Current Matters

OCTOBER 13, 2021

If you’re a homeowner who wants to add any of the above, you have two options: renovate your current house or buy a home that already has the spaces you desire. The difference in the cost of a renovation versus a purchase. The great news is that the money you need probably already exists in your current home in the form of equity.

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Renovation Equity Mortgages Design 274

HomeLight

MAY 10, 2024

A home equity loan can be a life-lifting tool for funding home renovations, consolidating debt, or covering unexpected expenses. How long does it take to get a home equity loan? In this guide, we’ll provide insights and tips about home equity loans and how long it takes to access the funds you need.

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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 270

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

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FHA loan Renovation Equity Loans 370

Bigger Pockets

FEBRUARY 18, 2024

Which home renovations will boost your property’s value and put you in a better position to sell? Or, if you’re not selling, how do you rake in even more equity […]

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Renovation Equity 113

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 384

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 81

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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Renovation Equity Mortgages As-is 122

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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Renovation Loans Finance Design 103

Housing Wire

APRIL 18, 2023

MISMO , the real estate finance industry’s standards organization and a subsidiary of the Mortgage Bankers Association , plans to launch a working group that will create standards for Electronic Home Equity Lines of Credit (eHELOC). The volume of HELOC loans declined by 17% to $60.1 Overall, HELOCS accounted for 20.7%

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Equity Lending Finance Loans 368

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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Equity Renovation Banks Loans 441

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 trillion year over year. “At

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Equity Lending Fixed-rate mortgage Loans 432

Housing Wire

NOVEMBER 21, 2023

Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others. ” Correia highlighted CMG’s products as a reason for Shamrock choosing the company.

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Housing Wire

FEBRUARY 28, 2024

TF: A significant amount of volume could be added to an originator’s bottom line simply by offering Bank Statement loans, DSCR cash flow loans, and a stand-alone second lien product such as our Equity Advantage loan. Equity Advantage is a second lien cash-out refinance loan that allows borrowers to keep their first low rate mortgage.

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Debt-to-income ratio Mortgages Banks Investor 431

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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Equity Fixed-rate mortgage Principal Mortgages 397

RIS Media

MARCH 16, 2022

Either way, home renovations are on the horizon for many. With home equity at an all-time high for most, many homeowners have the option of borrowing money using a HELOC at favorable costs. . Rising home prices and low interest rates present an opportunity for homeowners to tap the equity in their home.

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Renovation Equity Finance Lending 98

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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Equity Fixed-rate mortgage Principal Loans 384

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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Housing Wire

JANUARY 12, 2024

The pandemic-era run-up in home prices and the property’s reappraisal made the burdens of the mortgage payments too high when deducted from the gift itself, Dooley explained to the outlet, despite the Conleys continuing to pay for taxes, utilities and renovations for the property.

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Housing Wire

MAY 5, 2022

million to build and renovate 130 affordable homes in Nashville, Tennessee, bringing the total investment in the city to about $100 million. Amazon Housing Equity Fund will allocate a $7.1 million grant to local nonprofit CrossBridge ‘s 84-unit housing project, where 50 units will be newly built and the other 34 units renovated.

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Equity Renovation Loans Development 370

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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Equity Loan Officer Loans Technology 397

Point2Homes

FEBRUARY 3, 2021

Having spent a lot more time at home than usual throughout 2020, it’s perhaps only natural that interest in home improvements and renovations rocketed. However you plan to renovate your home in 2021, you’ll need a way to pay for it. Home Equity Loans. Fortunately, there are several options, each with their own pros and cons.

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Renovation Finance Equity Closing costs 98

Real Estate Investar

FEBRUARY 27, 2022

If you have a property owner, and have been for a number of years, there's a good chance that your property has appreciated in value throughout that time, which means you can access that newly created equity.

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Equity Renovation 52

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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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 103

RIS Media

NOVEMBER 30, 2020

Home renovations should be seen as a tool for getting your clients more home for their money, a higher return on their investment and the ability to turn their “right now” home into their “forever” home. Is It Better to Buy a Cheap House and Renovate? Kitchen renovations tend to get the most bang for their buck.

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Renovation FHA loan Loans Equity 105

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

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

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. Equity Requirement: Lenders assess your departing home’s equity; if you owe over 80% of its value, you may not qualify.

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Equity Debt-to-income ratio Loans Home sale contingency 96

Housing Wire

DECEMBER 2, 2022

Lenders who accurately predict the moment in time when a customer might require access to their home’s equity can act immediately and establish themselves as the ideal choice. The combined volume of home equity lines of credit (HELOCs) and traditional closed-end home equity loans are up 47% from January to May 2022.

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Housing Wire

APRIL 23, 2024

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). The lender announced a $120 million cost reduction program that will positively impact this year’s financial results, Martell added.

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Mortgages Technology Equity Renovation 409

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 94

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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Realtor.com

MAY 26, 2021

Getty Images One of the more tangible side effects of the coronavirus pandemic is that, with all the time we’ve clocked at home, many of us are itching to renovate our space—whether that’s with a kitchen remodel , new home office, half-bath , or even more ambitious projects. Fix what’s broken first.

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Renovation Finance Equity Loans 133

HomeLight

NOVEMBER 29, 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. This could be the key to making your property puzzle pieces fit seamlessly together.

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Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 29, 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. Equity requirements: Your qualification largely depends on the equity in your current home.

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Equity Loans Debt-to-income ratio Home sale contingency 93

HomeLight

NOVEMBER 29, 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. Equity requirements: Lenders assess the equity in your current home.

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Equity Loans Home sale contingency Debt-to-income ratio 91