by Susanne Dwyer | Aug 8, 2020 | Latest News, National, News |
Home equity loan debt outstanding and borrower utilization rates declined in 2019, and mortgage lenders anticipate originations to fall again this year before increasing modestly in 2021. This is according to the Mortgage Bankers Association’s (MBA) 2020 Home...
by Susanne Dwyer | Jun 17, 2020 | Consumer, Home Spun Wisdom, Latest News, News |
(TNS)—If you’re a homeowner who has paid down a significant portion of your mortgage, you may be sitting on a mountain of tappable equity. If your house is worth more than you owe on it, you may be able to use that equity to make home improvements. Before...
by Susanne Dwyer | Dec 27, 2018 | Consumer, Home Spun Wisdom, Latest News, News |
(TNS)—Retirees who own their homes outright are often at an advantage over their renting—and retired—counterparts. There are two reasons for this: their housing costs are generally lower, and they have access to safety-net cash in the form of home equity. However, all...
by Susanne Dwyer | Dec 25, 2018 | Advice, Buying/Selling, For Your Clients, Home Spun Wisdom, Latest News |
(TNS)—Some things get more valuable with age, like fine wines and real estate. The longer you keep them, the more valuable they get. In real estate, this calls to mind the five-year rule, which states that new homeowners should generally stay put for at least five...
by Susanne Dwyer | Dec 19, 2018 | Advice, For Your Clients, Home Spun Wisdom, Latest News |
(TNS)—Most homeowners want to own their homes free and clear. For some, that means using a raise, inheritance or savings to pay off their mortgage early. This seemingly responsible move may not always be in your best financial interest. According to financial experts,...