Tagged: Home Equity
Nearly half of mortgaged homes remain equity-rich, while level of seriously underwater mortgages remains unchanged.
Home equity solutions firm also announces expansion into Oregon and Utah.
Company provides a cloud-based platform for home equity lending to credit unions and community banks.
Black Knight says the housing market correction has only just begun.
Allows borrowers to take cash out of their built-up equity and preserve their low first mortgage rate.
Black Knight's September 2022 Mortgage Monitor Report also found 3.6% of borrowers are either underwater or have less than 10% equity.
Nearly 50% of mortgaged residential properties in the nation are equity-rich.
What is a home equity investment and why are owners taking advantage of it?
Renters, including historically underserved groups, will benefit from paying on time each month.