Home Equity Lending's Uptick: Why It's Good News for Homeowners and Economy

Posted on Oct 8, 2012 in Stated Income Loans

Home Equity Lending's Uptick: Why It's Good News for Homeowners and Economy
Fewer homeowners qualified because of financial setbacks such as lost jobs, what is ed site and many "underwater" homeowners, site owing more on their mortgages than their homes were worth, this had no equity to support a home equity loan. Also, in a default, the home equity …
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HARP 2.0: No Income, No Equity, No Problem
This year, 2012, has brought several changes to the HARP (Home Affordable Refinance Program), all of which were for the better. Basically, today's borrowers can refinance with no income and no equity. Provided the guidelines are followed, there should …
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On the edge
Any equity an owner may have in a home is at risk – as is the ability to occupy the place, as well as the emotional investment that many people have in their homes. Many have found they have no equity in the home. They're "upside down," as falling real …
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