by sgomes | May 24, 2024 | Home Equity, Mortgage
Introduction Understanding how to access home equity is crucial for homeowners looking to leverage their property’s value for various financial needs. Second mortgages, including HELOCs, home equity loans, and cash-out refinancing, provide avenues to tap into...
by sgomes | Mar 15, 2024 | Home Equity, Housing, Mortgage, Mortgage Rates
In the current housing market, it seems like what goes up doesn’t necessarily come down. Let’s explore why home prices continue to rise despite higher interest rates: Supply and Demand Dynamics: The dominant factor driving this trend is the extremely limited supply of...
by sgomes | Jan 12, 2024 | Home Equity, Housing
According to the Federal Reserve Economic Data (FRED) report, the homeowners’ equity in real estate for households in the United States topped $32.6 trillion in 2023. This is an increase of 1.3% or $425 billion from Q2 2023 and sets a new record for accumulated...
by sgomes | Jan 5, 2024 | Home Equity, Reverse Mortgage
Over the past decade we have assisted numerous reverse mortgage borrowers and have seen a pattern of how the funds are being used. If you’ve read prior blogs on this type of home loan, you already know that funds from a reverse mortgage can be accessed in many ways....
by sgomes | Dec 1, 2023 | Finance, Home Equity, Reverse Mortgage
A reverse mortgage can be an important part of retirement planning for wealthy retirees that have a substantial amount of home equity. It is a financial product that allows you to access part of the equity in your home while you are still living in it. This is equity...
by sgomes | Oct 18, 2023 | Home Equity, Housing, Mortgage
Monday, October 16, 2023 Have you ever considered adding an additional living unit on your property, or purchasing a home with an existing additional unit? These types of properties are popular for generating revenue from both short-term and long-term rental. ...
