#home-equity-lending

[ follow ]
#interest-rates #equityselect #retirement-finance #asset-based-lending #avms #list-price-anchoring
fromwww.housingwire.com
2 weeks ago

American Senior Lending launches EquitySelect solution for retirees

Qualification is based on the lifetime cap, resulting in lower monthly payments when determining the debt-to-income ratio (DTI). Today's financial challenges in retirement require reimagined financial solutions built on choice and innovation. We reimagined asset-based lending using home equity. We spent several years designing this product and building a web-calc to provide customized quotes within seconds, said David Peskin, president and CEO of American Senior Lending.
Real estate
Real estate
fromwww.housingwire.com
2 weeks ago

AVM testing under fire: New methodology challenges industry norms and raises risk for lenders

Independent AVM testing excluding list prices reveals many AVMs anchor to lists, forcing home-equity lenders to reassess valuation risk under new federal rules.
Real estate
fromwww.housingwire.com
3 weeks ago

Better's HELOC product helps borrowers pay off $193M in debt

Better.com offers One Day HELOCs through an AI-native end-to-end mortgage platform, reducing borrower monthly payments by about $1,000 on average and scaling originations.
US news
fromwww.housingwire.com
2 months ago

Capital One shuts down Discover's home equity and refinance business

Capital One acquires Discover in a $35.3 billion all-stock deal, controlling 60% of the new entity and exiting home equity lending.
Real estate
fromwww.housingwire.com
4 months ago

Home equity lending is being viewed more favorably

Homeowners show growing acceptance of home equity lending, yet many remain hesitant due to concerns over affordability and high interest rates.
[ Load more ]