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Banks again pitching home equity loans
http://www.charlotteobserver.com/2014/01/25/4639195/banks-again-pitching-home-equity.html
“We've ended up with a new world where home equity underwriting is significantly tougher than it was pre-crisis,” said Guy Cecala, CEO of Inside Mortgage Finance, a mortgage industry publication. Nationally, the median price for existing homes rose in

George Osborne switches mortgage to exclusive bank on the CHEAP while ...
http://www.mirror.co.uk/news/uk-news/george-osborne-rbc-mortgage-chancellor-3062406
George Osborne switches mortgage to exclusive bank on the CHEAP while ... Ray Boulger, of independent mortgage firm Jon Charcol said it seemed Mr Osborne was remortgaging to get a cheaper deal. He said Mr Osborne would qualify for two main reasons. First, he and his novelist wife Frances have serious equity in their London 

A helping hand builds foundations
http://www.heraldscotland.com/business/personal-finance/a-helping-hand-builds-foundations.23259207
John Willcock, head of mortgages at the Post Office, said: "Joining the Help to Buy scheme is the latest in a series of steps to affirm Post Office as the go-to mortgage provider for those wanting to get their first foot on the property ladder

Voters tire of wait for Lucinda's new party
http://www.independent.ie/irish-news/politics/voters-tire-of-wait-for-lucindas-new-party-29950766.html
For the first time in these tracker polls, dissatisfaction (68 per cent) has dipped below 70 per cent. Fianna Fail will also be encouraged as it has opened up a 10-point gap between itself and Sinn Fein and is now comfortably the second-biggest party

Benchmark Mortgage Prime Equity Group of Boise Idaho on Ch 2 News Mortgage Help

Shanna Wroten-Tucker of Benchmark Mortgage - Prime Equity Group in Boise Idaho shares good refinance news for responsible homeowners as provided ...

Home equity gains topped $1 trillion in the first quarter

"The CoreLogic Home Price Index grew 6.7% during the year ending March 2018, the largest 12-month increase in four years. Likewise, the average growth in home equity was more than $15,000 during 2017, the most in four years. Washington led all states with 12.8% appreciation, and its homeowners also had much larger home equity gains than the national average," he added.

Western states in particular saw the greatest gains in home equity, which grew an average of $44,000 for Washington homeowners and increased by $51,000 for California homeowners. Strong equity gains in the West were driven by particularly high home prices in the region, according to Frank Martell, president and CEO of CoreLogic.

"Home equity balances continue to grow across the nation. In the far Western states, equity gains are fueled by a long run in home price escalation. With strong economic growth and higher purchase demand, we expect these trends to continue for the foreseeable future," Martell said.

Home Equity Increased 13.3% in the First Quarter

Rising mortgage rates and high property values may be shutting some buyers out of the real estate market, but for homeowners with mortgages, their equity has increased by double digits year over year during the first three months of 2018.

Last week, CoreLogic released its Home Equity Report for the first quarter of 2018, which showed that equity increased 13.3% from a year ago, representing a $1.01 trillion gain since the first quarter of last year. What's more, CoreLogic found that the average homeowner gained $16,300 in home equity from the first quarter of last year to the first quarter of 2018.

[If you're in the market for a home, check out Investopedia's  mortgage calculator  to see what you can afford.]

"Home-price growth has accelerated in recent months, helping to build home-equity wealth and lift underwater homeowners back into positive equity," said Frank Nothaft, chief economist for CoreLogic in a press release announcing the results of the research. "The CoreLogic Home Price Index grew 6.7% during the year ending March 2018, the largest 12-month increase in four years. Likewise, the average growth in home equity was more than $15,000 during 2017, the most in four years."

Is it better to borrow against home equity when you still have a first mortgage?

Our house will be paid off next year. We have some major home improvements to do in the near future. Will borrowing costs be more if we borrow against the equity after the first mortgage is paid off, or does it matter?


It all depends on the specific terms. Sounds like you have tons of equity. Odds are you can get a new first mortgage, taking out enough cash to cover the improvements, and you will be better off.