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Despite unprecedented economic prosperity, the average amount of equity owners have in their homes has declined over the last 10 years, according to a new report.
The fall off isn't much, only about $1,500, from $91,000 in 1989 to $89,500 last year. But it has the Consumer...
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Another study about the increasing incidence of equity borrowing habits among home owners should be a red flag not to equity drain your home dry.
Sixty percent of domestic banks reported that between 10 percent and 30 percent of their customers increased their outstanding...
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An increasing number of home owners are boosting their mortgage balance at a time when it could be more financially prudent to reduce debt.
Freddie Mac says 63 percent of borrowers who refinanced single-family mortgages during the third quarter of 2001 increased their loan...
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You're purchasing a new home and wonder how you can build equity quicker than you have in the past. The answer could be a shorter-term mortgage.
More and more buyers realize that it makes little sense, especially in the era of affordable interest rates, to take on a...
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Over the past ten years, home equity loans have increased in popularity and for good reason. Lenders are offering an increasing abundance of loan options. Unlike credit or personal loans, the interest from home equity loans is typically tax deductible. Available home equity...
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Sometimes it makes good financial sense to use the equity in your home to consolidate debt. Depending on your financial goals, it may be just the thing to do if you want to:
Lower your total monthly payment amount
Make your debt tax deductible*
Pay
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