Product Description
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on September 1, 2010. The length of the article is 2616 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: The state of home equity: home-equity loans and lines of credit have been affected by the same negative forces that have driven first mortgages to record defaults. Even so, the home-equity product has its own unique challenges.(Home Equity)
Author: Shelley Leonard
Publication: Mortgage Banking (Magazine/Journal)
Date: September 1, 2010
Publisher: Mortgage Bankers Association of America
Volume: 70 Issue: 12 Page: 56(5)

Distributed by Gale, a part of Cengage Learning  Read more...

Home Equity Loan Consumer Protection Act of 1987 : Hearing before the Subcommittee on Consumer Affairs and Coinage of the Committee on … session, on H.R. 3011 … October 6, 1987

With all the different choices of financing available…it can be incredibly difficult to figure out which is the best option for you.

We all know there are times when you need to borrow money. The question is
will this help you or harm you in the long run.

The following 3 reasons apply to every homeowner who has thought of using the equity in their home to get a loan.

Reason # 1 You can’t afford your current monthly payments  Read more...

Product Description
This digital document is a journal article from Journal of Financial Intermediation, published by Elsevier in 2006. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.

Description:
Given the growth in home equity lending during the 1990s, it is imperative that lenders and regulators understand the risks associated with this segment of the residential mortgage market. Using a unique panel data set of over 135,000 homeowners with second mortgages, our analysis indicates that significant differences exist in the prepayment and default probabilities of home equity loans and lines, providing insights into bank minimum capital requirements. We find that households with equity loans are relatively more sensitive to changes in interest rates. By contrast, households with equity lines are more sensitive to appreciation in property value.  Read more...

With todays low interest rates many homeowners are considering
borrowing against their home equity in the form of a home equity loan.

In fact, the number of home equity loan applications coming through our
office has risen significantly this past year. The number # 1 reason most homeowners are applying for home equity loans is to consolidate debt.

Many homeowners see the opportunity to lower their monthly payments AND get a lower interest rate by consolidating into their mortgage.  Read more...

Product Description
This digital document is an article from Mortgage Banking, published by Mortgage Bankers Association of America on January 1, 2010. The length of the article is 4849 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available immediately after purchase. You can view it with any web browser.

Citation Details
Title: Q & A with FHA commissioner David Stevens.(mortgage insurance and home equity loans forecasts)(Interview)
Author: Robert Stowe
Publication: Mortgage Banking (Magazine/Journal)
Date: January 1, 2010
Publisher: Mortgage Bankers Association of America
Volume: 70 Issue: 4 Page: 30(6)

Article Type: Interview

Distributed by Gale, a part of Cengage Learning  Read more...

Home equity loans can be a great way to access money at a low interest
rate. However, you must know what you are getting in to before you take the plunge. Here are 5 critical questions you must answer first.

Question # 1 – How much equity do I have in my home?
This is the most important question because if you don’t have enough equity in your home you can’t get a home equity loan. Typically lenders will let you borrow up to 80% of the available equity in your home.  Read more...

 Read more...