Homeowners are sitting on a record $6 trillion in equity. Why aren’t they using it? Rising interest rates are making lines of credit more expensive... and Americans may still be leery of cash-out refis American homeowners have amassed a record $6 trillion in equity in their properties, a figure boosted by surging home prices and … Continue reading Are you sitting on Home Equity?
US homeowners gained $1 trillion in the last year as their housing values jumped The average borrower gained $16,300 in home equity from 2017 to 2018, according to CoreLogic. Home equity jumped 13.3 percent from to a year earlier. Despite the big value gains in the past few years, 2.5 million borrowers, 4.7 percent of … Continue reading Homeowners: How much have you gained?
~ Now just because you can doesn't mean you should, if you are thinking about it give me a call or your lender so you can make sure it is a sound decision ~ How to use your home as a source of cash Homeowners are currently sitting on a record amount of cash in … Continue reading You Can Use Your Home as Cash