Refinancing seems to make sense in any situation. Who wouldn’t want to get a lower payment, right? While it sounds good in a perfect world, there are certain times when it doesn’t make sense to do so. We’ll show you how to figure out your break-even point and learn what refinancing does to your Read more
Should You Use Home Equity to Pay Off Debts?
If you are tired of getting nowhere with your high-interest credit card debt, you may have thought about tapping into your home’s equity. You have the room, so why not put that home equity to good use, right? Then you can finally get yourself out of debt.Looking for Current Mortgage Interest Read more
Senior Homeowners Gain $121 Billion in Home Equity in Q3 2017
As 2017 is drawing to a close, homeowners aged 62 and above may be able to draw more from their home equity. They were $121 billion in home equity richer during the third quarter of 2017 per Reverse Mortgage Market Index (RMMI) by the National Reverse Mortgage Lenders Association and Read more
Boost Your Home Value to Increase Your Home Equity
As defined, home equity is the net current value of an owned property less any mortgages and liens tied to the property.Home equity moves depending on two main factors: (1) when mortgages or liens are paid down and (2) when home values move.When someone takes a mortgage, they are just Read more
Homeowners Continue to Increase Home Equity in Q2 2017
According to the new information from CoreLogic, a 10.6 percent increase in equity was seen year-over-year among homeowners with mortgages during the second quarter.This represents a gain of $766 billion. Around 63 percent of all homeowners have mortgage loans. This sector has gained an average Read more
