For those who have not refinanced yet, it can be confusing and complicated. However, refinancing is a good way to help homeowners afford their mortgages better. When one chooses to refinance, the ultimate goal is to save more money.To put it simply, you replace your current mortgage with a new Read more
CoreLogic: More Homeowners with Positive Equity in 2017
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
Senior Home Equity for Q1 at Record-High
The RiskSpan Reverse Mortgage Market Index which 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
When Should I Refinance with a Home Equity Loan?
A Home Equity Loan may sound like a really good deal, especially when offering lenders use today’s low interest rates as bait. Certainly, if you’ve gained significant equity on your home, it may be tempting to tap into this reserve and use the loan proceeds to splurge on whatever you see fit. Or Read more
How Much Can I Get From a Cash Out Refi?
Tapping into your home’s equity is a great solution for your immediate expense needs. Whether it is to pay for emergency medical bills, a vacation, or home improvement, today’s low interest rates could help you refinance to a cheaper mortgage, on top of taking home cash from your equity.But how Read more
