Posts Tagged ‘home equity’
What Does It Mean to Build Equity? By Reality Times
By Ashley Sutphin | July 7th 2021 If you own a home, one of the benefits compared to renting is that each month you’re making mortgage payments, so you’re building an asset which is equity. Equity refers to the amount of your home t...
What Are the Best Ways to Use Your Home’s Equity? By RealtyTimes
Your home equity can be a valuable resource to you, depending on your financial situation. Your equity is the interest you have in your home, as the owner. Your equity increases over time in two ways. Equity increases if your property valu...
You Don’t Need 20% Down and Seven Other Myths That Are Getting in the Way of Homeownership By RealtyTimes
Think you need to come up with 20% for a down payment in order to buy a house? It might surprise you to know that the median down payment for first-time buyers last year was just 7%, per the National Association of RealtorsÂ...
Mortgage FAQ: Essential Answers to All Your Questions About Home Loans in the Coronavirus Era By Realtor.com
Getty Images; realtor.com With the economy in unprecedented territory and the phrase "housing crash" on the lips of economists, mortgage holders have questions. And current homeowners aren't alone: First-time home buyers in search...
Wow! Mortgage Rates Reach Lowest Level in Almost 50 Years By Realtor.com
Mikolette/Getty Images Mortgage rates have just dropped to the lowest level in almost 50 years, compelling both homeowners and home buyers to get off the couch to take advantage of record-level savings on their mortgage. “The aver...
8 Grave Mistakes to Never, Ever Make With Your HELOC By Realtor.com
Kameleon007/iStock A home equity line of credit, or HELOC, has long been a popular way to tap the equity in your home and get your hands on a quick infusion of cash. In the past, one big plus of using a HELOC—rather than an unse...