Items Tagged with 'HELOC'

ARTICLES

  • Tappable mortgage equity hit all-time high in 2017

    More than 80% of borrowers now have equity available
    The amount of tappable mortgage equity increased in 2017 to an all-time high. In fact, Black Knight’s latest report shows currently, more than 80% of all mortgage holders now have available equity to tap via cash-out refinances or HELOCs.
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  • HELOC originations set to double over next 5 years

    Home equity surpasses housing boom levels
    Home prices continue to rise, causing them to surpass housing boom levels. But despite this jump in equity, home equity lines of credit are still lagging. However, a new report from TransUnion shows HELOC originations are set to double over the next five years.
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  • When should you use a reverse mortgage to pay for home modifications?

    How to use your home equity for home improvements
    [Commentary] One big advantage of a reverse mortgage is its flexible repayment feature: there’s no minimum monthly principal and interest payment — the borrowers can choose to make monthly loan payments, or defer repayment until they sell the home or don’t live in it anymore. But, it's not for everyone. Here are some of the benefits and hazards to using the product.
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  • CBA LIVE: Your customers are ready for loan offers through your mobile app

    But, are you ready to offer it?
    The lending industry is now starting to take technology to the next level, moving from focusing on the user interface to advances in automation and analytics. Attendees gathered at the Consumer Bankers Association’s CBA LIVE conference to get the latest update on the current advances in technology. But in one session, panelists turned the questions toward the audience to see what they thought.
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  • Homeowners fuel HELOC boom as home prices soar

    Home equity loans up 21% in past two years
    Home equity lines of credit are on the rise as increasing home prices bring a wealth of equity back into homeowners’ hands. But experts explain why despite this increase, and a decrease in down payment percentage, lending is still much safer than the housing boom days.
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  • Tips on how to know if a HELOC is right for you

    Home prices on the rise
    Increasing home prices are old news, meaning more borrowers are starting to consider getting a home equity line of credit. For those borrowers debating if a HELOC is right for them, here are some suggestions on what to expect going into the process.
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  • Affordable mortgage rates? Loan originations fall to two-year low

    RealtyTrac report shows first-quarter refinance originations down 20% from 2015
    Despite the fact that mortgage interest rates routinely hovered around "historic" lows for much of the first quarter, loan originations fell to their lowest level in two years, according to a new report from RealtyTrac. What drove the decrease? Click through to find out.
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