Tag Archive: cash

Excessive Loans? When Refinancing Your Home to Free up Cash Makes Sense

September 5, 2014 by Leave a comment

To some homeowners, the idea of refinancing their mortgage seems a little daunting. The process is akin to buying your house all over again. Paperwork, credit checks, an appraisal, and closing costs are all aspects of the loan origination process that can complicate the answer to whether refinancing makes sense. For those unfamiliar with the term, refinancing simply... View Article

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What is a home equity loan?

August 26, 2014 by Leave a comment

Many homeowners think of home equity loans and home equity lines of credit as the same thing. But they’re not. In fact, there are some significant differences between the two. Think of a home equity line of credit as a type of credit card that uses your home as collateral. You can borrow up to a certain... View Article

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Four Reasons Why You Shouldn’t Clean Out Your Savings When Buying a Home

August 18, 2014 by 1 Comment

At a certain point in life, you’ll start to see many of your peers become homeowners. They’ve graduated from living with their parents or living in a small apartment and now have spaces of their own to call home. While you might be tempted to join them right away, there are several reasons why doing so without a... View Article

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Mortgage Lending Has Dropped to a 17 Year Low

July 23, 2014 by Leave a comment

At the end of the first quarter, U.S. mortgage lending hit $226 billion—a 17-year low that was last seen in 1997, according to the Mortgage Bankers Association. This came amid increasing interest rates and rising home prices, pushing borrowers away. It also had the country’s two biggest mortgage lenders, JPMorgan Chase & Co. and Wells Fargo, reporting that... View Article

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Cash Home Sales Surge as it Becomes Harder to Get a Mortgage

March 1, 2011 by Leave a comment

Increasingly, borrowers are eschewing mortgage loans in favor of cash purchases of homes, especially distressed properties, according to a Wall Street Journal article by S. Mitra Kalita.  Across the country, 28% of all home sales in 2010 were of the cash variety according to the National Association of Realtors.  This is up from 14% in... View Article

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