Equity is Increasing!


If you think 2020 hasn’t been full of much good news, we do have some actual good news for just about everybody who is reading this. The amount available to homeowners to borrow against their house hit a record high of $6.5 trillion earlier this year. Additionally, 9 in 10 homeowners currently have a primary rate at least 0.75 percent above the prevailing market average rate as mortgage interest rates continue to hit record lows. If that isn’t good news, then we don’t know what is! 

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What Do Homeowners Need to Know About Home Equity?

Aside from having a comfortable shelter for the family, building home equity is one of several reasons why many people buy a home. Over the years, homeowners who dutifully repay their monthly mortgage in a timely manner should know that they can reap the rewards on their investment especially during this time that the country’s housing industry continues to get better.

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Why Should Homebuyers Consider Using a Bridge Loan?

Families may consider relocating to another home because they either want to downsize or upgrade to accommodate the growing needs of a family. Some families planning to relocate may find it beneficial to use a bridge loan, especially for those who want to avoid the stress related to finding and moving to a new home.

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7 HELOC Facts That You Need to Know as a Homeowner

News about plummeting mortgage interest rates is recently making rounds on the internet. As a new homeowner, refinancing might come to mind especially if you’re struggling with your monthly payments. However, if you are not eligible for a cash-out refinance, you may instead consider getting a Home Equity Line of Credit or HELOC.

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