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Home equity access: How Finance of America bolsters the market with home equity products

Housing Wire

However, homeowners have a unique advantage with home equity products—designed to let residents tap into their home’s equity for cash. Mortgage professionals must keep up with the new demand for home equity products in the new market. HW: Can you talk a bit about how equity can be a proactive financing tool?

Equity 369
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loanDepot enhances home equity access with two new product options

Housing Wire

homeowners with access to their tappable home equity. The expansion adds 10- and 30-year fixed-term options to the companys existing 20-year fixed-rate home equity loan, which the company has designed as complements to its first-lien and second-lien home equity lines of credit ( HELOCs ).

Equity 370
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Distressed homeowners have a new path to avoid foreclosure

Housing Wire

Online real estate marketplace Auction.com announced Wednesday that it is launching SmartSale, a technology-powered option to foreclosure that lets distressed homeowners list and sell their property. SmartSale allows homeowners to sell their homes through direct offers from buyers or an auction process.

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FHA borrowers would get mortgage insurance relief through proposed House bill

Housing Wire

House of Representatives proposes to relieve Federal Housing Administration (FHA) borrowers of mortgage insurance premiums (MIPs) once they reach a certain level of home equity , aligning FHA policies with those of conventional loans. Sessions added that the bill takes a practical approach to deliver meaningful relief to homeowners.

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Ruoff Mortgage teams with Calque on ‘buy before you sell’ offering

Housing Wire

Indiana-based lender Ruoff Mortgage is making a move designed to help more homeowners get into new homes with ease. Sellers can tap into their current home equity in a bid to buy another property without coming up with cash for a down payment.

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With homegenius Real Estate’s solutions, lenders can help homeowners explore their home equity options

Housing Wire

Borrowers everywhere are seeking new ways to tap into their home equity. That’s where HELOCs come in for many homeowners. HELOCs allow homeowners to borrow smaller amounts when they need it, helping to keep monthly payments lower and helping avoid unnecessary debt.

Equity 459
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FOA seeks to ‘modernize’ reverse mortgage outreach efforts to seniors

Housing Wire

It also wants to widely deploy refreshed marketing strategies that are designed to both educate and appeal to older homeowners about the use of home equity in retirement. In 2025, it will begin rolling out new regional and local programs designed to “build our brand profile and drive business in strategic markets,” she said.

Mortgages 369