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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 ...

First-time homebuyers dominate mortgage market | 2018-08-14 ...

The rising share of first-time homebuyers can be attributed to the lack of repeat buyers in the housing market, according to the report. From 2001 to 2007, repeat buyers purchased from 1.4 to 1.8 million homes per year, but that dropped to just over 1 million today.

The Urban Institute explained that falling home prices after the recession prevented many homeowners from accumulating equity in their homes. But even as home prices continue to rise and homeowners are seeing a rebound in equity, the report shows repeat buyers will still not return to their historic levels.

While homeowners may have more equity, they are not likely to want to give up their low mortgage rates they locked in during the recession.

In fact, The Home Depot  reported Tuesday a surge in its sales during the second quarter of 2018 as more homeowners choose to age in place and renovate their homes rather than move into a newer home.

And now, the Urban Institute explained that homeowners hanging on to their homes and not moving up, combined with the lack of new home construction, will cause inventory to continue to tighten and home prices to increase for starter homes.

Buying your first house is easier than you thought -- really

Johnathan Graves is a loan Officer at Five Star. He says the program -- which helped Smith and his wife buy a house in North Buffalo -- has a range of benefits.

“We also give a $3,000 grant that comes right from Five Star Bank for down payment and closing costs," he said. "The program also has an interest rate that is a quarter below whatever the market interest rate is on a day, which is great. Also, we do wave some of the closing cost fees for the program as well.”

Graves says the program has some eligibility limits -- for example, buyers in Erie or Niagara County must have income of about $60,000 or less.

“When you here about all of the pluses about the program and how it can help, people almost think that is too good to be true," Graves said. "You’re never going to repay that $3,000 or anything like that, it’s just a pure grant that you are going to get.”

M&T Bank has a similar program for first-timers. It’s a savings program through the Federal Home Loan Bank of New York. For every dollar saved by a potential home owner in the program, M&T will match it with four dollars.

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.