More than 47% of homeowners in 2024 were “equity rich,” meaning borrowers owed less than half of the home's value in the fourth quarter of last year.
With the Fed pausing interest rates, prospective borrowers may be contemplating the short-term future of interest rates.
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home ...
Home values have steadily increasing over the past few years, resulting in records amount of home equity. Homeowners in need of cash or wanting to consolidate high-interest debt can use a home equity ...