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Advantage Home Equity

Using Home Equity to Your Advantage

What rate of return is the bank paying you for the equity in your home? Zip Zero Zilch! Use the equity to pay off high interest credit cards ...

Blend looks to disrupt home equity lending

“At this moment when Americans have built a record amount of equity in their homes, offering a frictionless way for them to take advantage of that equity to achieve their goals is paramount,” said Blend CEO and Founder Nima Ghamsari. “Today’s consumers expect seamless experiences throughout their financial lives, and with our digital home equity offerings, our customers are set up to continue thriving as the market grows.”

Customers at U.S. Bank and Mountain America Credit Union have already used the app, Blend said.

“The U.S. home equity market is ripe with opportunity as American homeowners have a large amount of equity to tap and we’re excited to work with Blend as they expand their business to provide home equity customers with an intuitive, fast and modern digital lending experience,” said Lynn Heitman, executive vice president of Consumer Banking Product Strategy & Support at U.S. Bank.

Former SoFi CEO Mike Cagney's blockchain lending startup Figure raises $65 million

Cagney, who left SoFi in 2017 after  reports emerged  about the alleged toxic culture at the online lender, said that Figure is “encouraged” by the company’s first-year results and is looking forward to growing thanks to the new funding.

“We are encouraged by what we’ve accomplished in our first year, and this investment validates Figure’s market potential," Cagney, who serves as Figure’s CEO, said.

“We launched the fastest HELOC in the market, and we originate, finance and sell every one of our loans on the Provenance blockchain, an industry first,” Cagney continued. “From the diversity of our founding team to our alignment with our members’ financial success, we believe we’re building a different — and better — kind of technology company.”

As Cagney noted, the company built and deployed its own blockchain system, which it calls Provenance. The company uses the blockchain for all of its lending activities, which has its advantages, according to the company.

Any advantage between joint and single home equity lines?

Me and my wife are thinking about it, but not sure if to go with joint or single? What are pros and cons?

TAGS: Mortgages, Home Loan, Bank, Banking, Finance.

It's an equity line. It HAS to be titled at least in the same manner as the house. If the house is a joint ownership then so WILL the loan. They will demand all owners pledge to the loan.

ИК Фридом Финанс. Профиль брокера Фридом Финанс