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Unison unveils ‘hybrid’ home equity sharing loan

Housing Wire

Whether homeowners want to renovate their homes, consolidate high-interest debt, or secure their financial future, Unison’s Equity Sharing Home Loan offers a versatile and customizable solution to suit their individual needs and aspirations,” Unison President Ryan Downs said in a statement.

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3 unique mortgage products to get today’s homebuyer qualified

Housing Wire

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. Debt is an issue in the market today. trillion.

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Home equity is the bright gem of the housing market

Housing Wire

HELOCs also are popular because the interest on the loans is tax deductible if the funds are used for approved home renovations. And we have more of an asset-based underwriting not focused on debt-to-income ratios.” Unlike fixed-rate, lump-sum second-lien home-equity loans — HELOCs normally carry variable interest rates.

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Should I Refinance My Mortgage Now or Wait Until 2025?

Marco Santarelli

This can be useful for major expenses like home renovations or paying off higher-interest debt, like credit cards. A good credit score and low debt-to-income ratio (DTI) can help you qualify for a better rate. Lower your debt-to-income ratio: Work on paying down your debt before applying for a refinance.

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Bridge Loans in Connecticut: How to Unlock Home Equity to Buy Before You Sell

HomeLight

Your lender might need to crunch the numbers and calculate your debt-to-income ratio (DTI). To help you understand the financial aspects, check out these handy tools: Calculate your down payment Estimate your closing costs Check your debt-to-income ratio What are the benefits of a bridge loan in Connecticut?

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Hard Money Lenders Orange County: Fast Financing Solutions

HomeLight

Hard money lenders determine loan amounts based on the after-repair value (ARV) — the estimated value of the property after renovations. More flexibility: With fewer regulations, hard money lenders can set flexible criteria, including credit scores and debt-to-income ratios, and can help homeowners avoid foreclosure.

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Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor.com

They can also tell you how much of a mortgage you qualify for, which is determined in part by your debt-to-income ratio. How important is the freedom to renovate? Owning a home gives you the freedom to renovate and decorate to your heart’s content. based in Troy, MI.