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News for: Home Equity
Showing 1 - 4 of 4 results
Mar 13, 2026 5:31 AM — Home Equity
The Equity Boom: Why Homeowners Can Borrow More Today
A recent report by ATTOM shows that a significant number of mortgaged homes are now considered equity-rich, with homeowners having at least 50% equity in their properties. This is a major increase from pre-pandemic levels, and many homeowners have leveraged low mortgage rates and made home improvements to boost their equity. Liquidating home equity through HELOCs or home equity loans can provide f... more
Dec 20, 2025 7:30 AM — Home Equity
I Have $700K in Home Equity, but a $500K Mortgage. Can I Use the Equity to Pay Down My Home Loan?
The rise in home values has led to a surge in home equity for many homeowners. While it is possible to use home equity to pay down a mortgage, it may not be the most beneficial option as it often results in trading mortgage debt for home equity debt with potentially higher interest rates. Lenders typically charge interest on home equity financing, and borrowing against home equity should be carefu... more
Aug 13, 2025 5:25 AM — Home Equity
Study: The states where being a homeowner has paid off the most (and the least)
Homeowners who bought a home in 2020 have seen a significant increase in equity due to high home prices and low mortgage rates. The study analyzed the growth of home equity in different states over the last five years, with Southern and Midwestern states experiencing the highest gains. States like West Virginia, Oklahoma, and Connecticut saw substantial increases in home equity, while Washington D... more
Jul 24, 2025 9:00 AM — Home Equity
The Racial Gap In Building And Borrowing Home Equity
The article discusses the significant racial disparities in accumulating and accessing home equity, which is crucial for building wealth and financial security. Black and Hispanic homeowners face challenges in building home equity due to lower home values, larger down payment requirements, lending discrimination, and inaccurate home appraisals. These barriers limit their access to loans, hampering... more
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