Home Equity Loans

Thinking Long Term About Newfound Home Equity

By Jon Anderson / April 13, 2018 /

Prices are up, property tax assessments are likely up, you’re rich, rich, rich … on paper. According to researchers Black Knight, as of the end of 2017, Americans have $5.4 trillion in “tappable” home equity, an increase of $735 billion from the end of 2016. Tappable means that while total home equity, according to the…

Another Sound Bite for Rick Perry: Only 10% of Texans Are Now Underwater on Mortgages Compared to 22.5% Nationwide

By Candy Evans / September 14, 2011 /

Fact: 40 percent of underwater borrowers hold home equity loans. You know what’s keeping the Title Companies going don’t you—all those re-fi’s. Mortgage rates are at record lows, and the rule of thumb is that if you recoup the cost of refinancing in a year or two and plan to stay in the home past that time…

Legal Bonds: Home Equity Lines of Credit May Not Be Your Friend!

By Candy Evans / September 6, 2011 /

Furthering the discussion on whether the credit agencies are using a flawed algorithm to determine our mortgage future, this comment from Dallas bankruptcy attorney Reed Allmand, Allmand Law, deserves its own post. Most homeowners who are underwater on their mortgages got there through home equity loans that Allmand says were used to retire the same type…

Could an Error at Experian Be Screwing Texas Consumers on Real Estate Loans — More

By Candy Evans / September 5, 2011 /

Recall last week when I told you about my friend Dormand Long, who has written to the Texas Attorney General because he believes Experian and other credit bureau agencies are wrongly lumping home improvement loans with consumer credit loans when they rate consumer credit. This is more important than ever today because mortgage lenders are looking…