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Home equity is the bright gem of the housing market

Housing Wire

Closed fixed-rate second-lien [home-equity] loans have been up the least in terms of volume, Toohig said, with HELOCs leading the charge — along with unsecured personal loans used for home improvement. (A Unlike fixed-rate, lump-sum second-lien home-equity loans — HELOCs normally carry variable interest rates.

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Pros and Cons to Selling a House As Is

PennyMac

This is especially true if home sellers are trying to move quickly or are hoping to avoid costly renovations. Selling a House As Is Selling a house as-is means the homeowner will not make repairs or renovations before selling it to a buyer, even if the home has structural concerns or is in poor condition.

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Home Equity Line of Credit (HELOC), Home Equity Loans, and Cash-Out Refinancing

PennyMac

Renting puts money into a landlord’s pocket, but owning a home helps you increase the value of your investment over time. When you do build home equity, it opens up cash-out options that can be used for home improvements, paying off debt or other projects. Home improvement. What Is a HELOC? Emergency funds.

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WILL WAR IN UKRAINE IMPACT OUR HOUSING MARKET?

Will Springer Realtor

However, as the news from Europe worsens many investors are shifting money into safer havens such as bonds that help provide temporary relief on rising rates. homeowners plan to upgrade or remodel their homes, including 63% of Millennial homeowners (25-34 years old). off their 2022 high of 3.92% (the highest level since May 2019).

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JUST IN TIME: THE 15-MINUTE COMMUNITY

Will Springer Realtor

Well, researchers at realtor.com went a little deeper to find out what those consumers are seeking when looking for a new home. THE ROI OF HOME RENOVATION. I am often asked by sellers what home projects should they address to get the highest return on investment. They are often surprised by my answer. JULY HOUSING UPDATE.

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