Tag: home equity
Being able to manage, use and protect the equity in your home is a key skill you need to achieve financial success as a homeowner. We have the latest news and trends about how America is using equity built up in property to get ahead and how some may be putting their homes at risk of foreclosure. Learn how to use your equity without risking your home here.
Sep 16, 2016 | Meghan Alard
A study finds missed payments on a Home Equity Line of Credit (HELOC) often lead to other delinquencies with primary mortgages and credit card debt.
Apr 11, 2016 | Meghan Alard
Statistics show only 2% of eligible seniors take advantage of reverse mortgages to access valuable home equity. Is cognitive aging to blame for the aversion?
Jan 13, 2016 | Michael Koretzky
Reports show seniors have excess home equity that could be used to achieve financial goals, but a reverse mortgage should always be pursued carefully.
Oct 19, 2015 | Meghan Alard
Several key market indicators show signs we may be getting into another bad situation with subprime lending ahead given current market fluctuations.
Jun 24, 2015 | Monica Victor
The 10 year term on HELOCS extended during the recession is drawing near and delinquencies have already begun popping up. Is your budget ready?
Feb 27, 2015 | Meghan Alard
The National Association of Realtors provides an in-depth look at 2014 home buying data. We explain what this means for homebuyers this year.
Oct 13, 2014 | Meghan Alard
Borrowers are getting comfortable taking out money against their home’s equity, but are home equity loans putting us back in line for a bad bubble burst?
Aug 25, 2014 | April Lewis-Parks
Payments on home equity loans taken out in the early 2000’s may double now that the interest-only draw period is ending. Here’s how to avoid default.
Debt Advice, Housing
Aug 14, 2014 | April Lewis-Parks
New HUD rules try to clear up the confusion over reverse mortgages, but are these new rules really helping seniors borrowers get a better deal?
Jul 28, 2014 | April Lewis-Parks
Home equity loans are a hit again with consumers, but there is danger lurking for many who don’t really understand what a loan and line of credit is.