For starters, it’s important to understand the concept of “acquisition debt” versus “home equity debt.” Acquisition debt is a loan to buy, build, or improve a primary or second home and is secured by the home. That phrase “buy, build, or improve” is key. Most original […]
Sandy Flores, Broker.
While the percentage of homes in the United States with negative equity has declined substantially since the fourth quarter of 2013, they experienced a slight increase quarter-over-quarter in Q4 2014, according to CoreLogic‘s Q4 2014 Equity Report released last Tuesday. CoreLogic reported that 10.8 percent […]
Falling interest rates precipitated a major refinancing rally according to the Mortgage Bankers Association’s (MBA’s) Refinance Index. The MBA’s Refinance Index is a weekly measurement put together by the Mortgage Bankers Association, and the National Real Estate Finance Industry Association. Strong job growth, coupled with low […]
If you’re looking to sell your home for top dollar, in addition to “Location, Location, Location” there are some other suggestions you may benefit from, to get top dollar for your home! As the saying goes, “You don’t get a second chance to make a […]
Highest level of home equity loans since June 2009. A total of 797,865 home equity lines of credit were originated nationwide, up 20.6% from a year ago and the highest level since the 12 months ending June 2009, according to RealtyTrac. The report also shows […]
Mortgage Rates put on quite the show today after Fed minutes announcement, resulting in the lowest rates we have seen since June 2013. Today’s improvement was all about the Fed. Investors who trade securities that dictate mortgages, were concerned about last month’s Fed Announcement that could it justify a […]