On average, a US homeowner has seen his or her equity rise by $13,400 from the first quarter of 2016 to the first quarter of 2017. This is according to the home equity analysis conducted by CA-based information and analytics company CoreLogic. Per the report, about 63 percent of homeowners also had Read more
When to Refinance Your Mortgage?
Thirty years is a long time and homeowners with such mortgages are likely to refinance or sell before the original term is up. For all the conceivable reasons to refinance, the question of “When” solidifies any refi decision. Let’s find the answer to this question.Let’s help you find a lender, Read more
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Indexwhich measures held equity by older homeowners on a quarterly basis reported an all-time high increase of 227.07 in the first quarter of 2017. Since the index’s establishment in 2000, the current Q1 report marks a new record in its charts. The Read more
Be Careful When Choosing to Tap on Equity
Building your home equity is good. The more you pay against your mortgage, the higher the home equity gets. Once you have grown it high enough, you will be able to tap on equity.The economy is on a steady rise towards recovery. And when the market is doing good, you also expect your property’s Read more
Negative Equity Homes Down from Last Year
Housing data analysis provider ATTOM Data Solutionsreleased its U.S. Home Equity & Underwater Reportfor the first quarter of 2017 and revealed that over 5.5 million US properties are currently underwater. But it’s not all bad news. The data also reported the decrease in the number of homes with Read more
