Against a backdrop economic uncertainty home prices have been surprisingly resilient. That’s good news for older homeowners and bad news for would-be homebuyers.
Continue readingWhat in the world is propping up home prices?
10-Year CMT Climbs After Fed Funds Rate Cut
Since the Federal Reserve cut its benchmark interest rate on September 18th the 10-year Constant Maturity Treasury rate has climbed from 3.70% to 4.20%- a jump of 50 basis points…
Continue readingA Reverse Mortgage Vacation
What’s a reverse mortgage vacation? If you’ve never heard of such a thing Harlan Accola explains…
Continue readingHELOCs only add to the problem
With more older homeowners struggling to pay their bills the question arises- how should seniors consider tapping their home equity?
Continue readingAre HECMs the Ultimate HELOC Alternative?
Future access to a HELOC is NOT guaranteed. What about a HECM?
Continue readingThe Coming HELOC Crisis & Opportunity
The next mortgage bubble with pending HELOCs written in the mid 2000’s could spell opportunity for reverse mortgage lenders and originators alike. A recent study by TransUnion echoes what some mortgage experts have been warning us of in the last year: there is a coming HELOC bomb that could explode in the coming years.
Continue readingHaven’t We Learned?
The Wall Street Journal recently reported that more homeowners are once again tapping into their home equity. As home values recover and interest rates remain artificially low many are beginning to take out HELOCs or Home Equity Lines of Credit to fund home renovations, pay off higher interest rate debts or cover other expenses.
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