SoFi cofounder Mike Cagney, who resigned as CEO last year, has been quietly working on a new project involving home improvement financing and home equity lines of credit (HELOCs) for the last several months. Now, that project is out of stealth, with a live website: Figure.com. Show More Summary
From CoreLogic: Homeowner Equity Q4 2017 CoreLogic analysis shows U.S. homeowners with mortgages (roughly 63 percent of all properties) have seen their equity increase by a total of $908.4 billion since the fourth quarter 2016, an increase...Show More Summary
Home equity is great for homeowners looking to take out a low interest loan. But, while it comes with a lot of opportunities, there are some dangers in using your home as collateral. Home Equity Reality Check: Everything You Need To Know Before Taking Out A Home Equity Loan appeared first on Money Under 30. © Moneyblogs, LLC.
Before the housing crisis, it wasn’t unusual to see home equity loans for as much as 100% of the home’s value. Today, though, restrictions are much tighter. You are more likely to be able to borrow up to 80% or 85% of a home’s value if you are lucky. Show More Summary
Taxpayers and tax professionals had questions about what the new tax law meant for homeowners with debt. Today, the Internal Revenue Service (IRS) finally issued guidance concerning deducting interest paid on home equity loans.
Collectively, the cities on this list are responsible for generating more than $112 million in wages for Equity actors and stage managers during the 2016-2017 theatre season. The market leaders are Central Florida – home to roughly 1,000 Equity members, many of whom work on Disney productions on a daily basis – Washington, D.C./Baltimore, Twin […]
Mary Pilon follows the journey of the U.S. women's national ice-hockey team, from the fight for equity and fair pay at home to the championship game at the Pyeongchang Winter Olympics.
Owners of starter homes are gaining more equity than owners of luxury homes thanks to the intense demand for affordable properties, says a new Zillow report...
When you need cash, you may want to tap into your home’s equity. One such way to do this is with a home equity line of credit. This second mortgage puts a second lien on your home, but gives you access to up to 85% of your home’s value. The amount you may borrow depends […] The post What are the Pros and Cons of a Home Equity Line of Credit? appeared first on Blown Mortgage.
Home Made, which is focused exclusively on London lettings for properties in the £500,000-plus range, has raised £850,000 in seed funding. The round is led by private equity firm Tethys Equity and is said to give the young company a £4.3 million post-money valuation. Read More
Attom Data Solutions today released its 2017 U.S. Year-End Home Equity and Underwater analysis, which revealed that the number of seriously underwater properties -- meaning they had a loan-to-value (LTV) of 125+ -- decreased 0.3 percent...Show More Summary
I’m pleased to announce that Mortgage Master Service Corporation is once again, offering bridge loans to our clients. A bridge loan allows a home owner to tap equity from their current home for down payment on their next home before their current home has sold. With a bridge loan, there are no monthly mortgage payments and […]
William Bain Jr., who founded global consulting and private equity businesses and helped drive the career of former Republican presidential nominee Mitt Romney, has died. Bain died at his home … Click to Continue »
A home equity line of credit, better known as a HELOC, can be an excellent avenue for helping clients achieve their dreams. But it's essential that they be smart about how they use them...
You've paid enough on your mortgage to build a solid amount of equity in your home. Now you want to tap into it; maybe you want to use the money to pay off high-interest credit card debt, help fund a child's college education, or take on a major kitchen remodel. You have two choices when it comes...
Homeowners are still trying to wrap their heads — and tax plans — around the many Tax Cuts and Jobs Act (TCJA) changes to the Internal Revenue Code that are related to personal real estate. There's the new limit on federal deductions...Show More Summary
A few weeks ago we presented anecdotal evidence from Joseph Borg, director of the Alabama Securities Commission, suggesting that people are taking out home equity loans and cash advances on credit cards just to purchase BitCoin in the...Show More Summary
The new tax law removes the ability to deduct interest paid on home equity loans. Will schools ask less of families, and should parents even use the loans to pay for school?
Remodeling spending topped $152 billion in 2017, and is forecast to increase in 2018. Homeowners are using home equity cash to pay down other debt in order to lower monthly payments.
Homeowners are increasingly taking out cash to make more cash.