Items Tagged with 'EQUITY ACCESS'

ARTICLES

  • HomeLight partners with EasyKnock to expand access to sale-leaseback programs

    Both companies aim to offer buyers and sellers more flexibility
    Homeowners using HomeLight to buy or sell their homes now have more options on just what that process looks like. To make that happen, HomeLight, an online platform that matches home sellers with buyers and real estate agents, has partnered with EasyKnock, the two companies announced this week. 
    Read More
  • More homeowners are tapping their equity to build accessory dwelling units

    Is this an answer to the housing market's growing affordability problem?
    America’s affordability problem continues to plague the housing market as wages aren’t keeping pace with rising home prices. The situation has given rise to an increase in multigenerational living, and according to homeownership investment company Unison, that has led some homeowners to tap into their equity in order to build accessory dwelling units for extended family members.
    Read More
  • Finance of America Reverse launches New York's only proprietary reverse mortgage

    Older New York homeowners can now tap up to $4 million in equity with the HomeSafe Standard
    For years, HECM lenders have tried to launch a privately insured reverse mortgage product in the state of New York but have been stopped by repeated regulatory roadblocks. But now, it appears one lender has broken through the barrier, as Finance of America Reverse announced Tuesday that is has successfully launched its proprietary reverse mortgage, the HomeSafe Standard, in New York.
    Read More
  • Liberty Home Equity unveils proprietary reverse mortgage

    Becomes the 6th lender to bring non-agency offering to market
    Five months ago, word circulated that Liberty Home Equity was on the brink of releasing a proprietary reverse mortgage product, looking to take part in the explosive growth this market has seen in the last year. And now the talk appears to be true, as the reverse mortgage division of Ocwen Financial announced the launch of EquityIQ on Friday, making it the sixth HECM lender to bring a non-agency reverse mortgage to market in the last 18 months.
    Read More
  • Harvard: Americans have more equity, less mortgage debt

    Equity levels double in last 7 years
    Americans now have nearly as much home equity as they did when levels peaked before the housing crisis, according to a recent study on the state of the nation’s housing market from Harvard’s Joint Center for Housing Studies. The report shows aggregate home equity climbed from $7 trillion in 2011 to $15.5 trillion in 2018.
    Read More
  • Older homeowners are spending big on home improvements

    Harvard study says aging homeowners will drive this market
    Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. The home improvement sector can thank the Baby Boomers for that, as research shows older homeowners are spending big on home renovations and aren't expected to slow down anytime soon.
    Read More
  • Homeownership investment startup Hometap expands into new states

    Now available in 6 states, Hometap can help 20% of U.S. homeowners access their equity
    Homeownership investment startup Hometap has expanded into six states, the company announced Wednesday, making its services accessible to 20% of U.S. homeowners. Hometap founder and CEO Jeffrey Glass said the company aims to help those who are house rich but cash poor gain debt-free access to their home's equity.
    Read More
  • Sale-leaseback company EasyKnock announces $215 million capital raise, launches new product for home shoppers

    Will buy your house from you, then let you live there while you shop around
    Sale-leaseback company EasyKnock just scored a massive cash infusion, announcing that it has secured $215 million in a debt-equity round, and launched a new product, a play off the sale-leaseback concept marketed toward homeowners looking to buy their next home. The new offering promises to edge out iBuyers with a quick sale at a better rate, plus the ability to let customers stay put while they contemplate their next move, cash in hand.
    Read More
  • Sale-leaseback company Sparrow launches in Phoenix

    Offers easy equity access to Phoenix homeowners
    The sale-leaseback category has picked up steam as of late, with several new players emerging with a promise to help homeowners access their equity without the need to move. Now, a new company called Sparrow has emerged to help Phoenix-area homeowners do just that.
    Read More
  • Why aren't more people tapping into their home equity?

    Homeowners have record amounts of housing wealth, so why are they so reluctant to use it?
    Homeowners have a nice stockpile of pent-up wealth in their homes and home prices continue to appreciate. And, it seems that every quarter a new startup emerges promising to disrupt the home equity space by giving homeowners a better, faster, cheaper or even debt-free way to tap into the wealth in their homes. And yet, so many Americans appear to be reluctant to take this route. What gives? We talked to a number of experts for their take.
    Read More