Tag #Mortgage

Showing 25 to 36 of 43 results

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15-Year vs. 30-Year Mortgages During Inflation: Expert Advice

Amid rising inflation, choosing between a 15-year and 30-year mortgage depends on income stability and investment priorities; a 15-year mortgage offers long-term savings but higher payments, while a 30-year mortgage provides flexibility with lower monthly payments.

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cbsnews.com
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Home Equity Loans: Should You Switch Lenders?

US homeowners possess an average of $313,000 in home equity, prompting many to explore home equity loans; however, borrowers should compare loan terms and customer service across lenders before deciding, considering factors such as interest rates, loan amounts, repayment terms, and closing costs.

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smh.com.au
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Rate Cut Offers Limited Relief to Australian Homeowners Amid Rising Costs

Australian homeowner Emmanuella Grace welcomes the Reserve Bank's 0.25 percentage point cash rate cut to 4.1 percent, offering some relief from rising mortgage repayments, although she remains concerned about broader cost-of-living pressures. A Canstar model shows a $500,000 loan taken in April 2022...

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kathimerini.gr
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Greek Homebuyers: Beyond Financing – Key Factors for Long-Term Financial Stability

Buying a home in Greece requires research beyond financing, encompassing location's impact on taxes and fees, property condition's effect on repairs and insurance, and size's influence on costs; overlooking these leads to financial burdens.

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Sustainable Cities and Communities
cnbc.com
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Saving for a Down Payment: Vast Time Differences Across U.S. Cities

A RealtyHop report reveals that saving for a 20% down payment on a home in New York City takes 10.85 years, while in Detroit it takes 2.53 years, highlighting vast differences in home affordability across U.S. cities, impacted by factors like income, expenses, and rising home prices.

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cbsnews.com
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U.S. Home Equity Growth Slows in 2025 Despite Record Highs

U.S. homeowners enjoyed a $425 billion home equity surge (2.5% YoY) from Q3 2023 to Q3 2024, driven by high home prices and low inventory; however, experts predict slower growth in 2025 due to increased inventory and regional variations.

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cbsnews.com
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HELOC Interest Rates Reach Two-Year Low, but Future Remains Uncertain

The average HELOC interest rate has fallen to a two-year low of 8.03%, but experts predict that rates will remain stable for now before potentially falling by up to half a percent by the end of the year, contingent on the Federal Reserve's ability to control inflation and economic uncertainty.

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forbes.com
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Fintech 50: Aven and Valon Thrive Amidst Real Estate Downturn

In 2024, despite record-high home prices and near two-decade-high mortgage rates leading to the lowest existing home sales since 1995, two real estate companies, Aven and Valon, thrived in the Fintech 50 list, demonstrating innovative solutions and impressive growth—Aven with its rapid HELOC approva...

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dailymail.co.uk
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Massive Deposits Needed to Buy Homes in UK Cities

New research from April Mortgages shows that buying a home in over half of Britain's biggest towns and cities typically requires a deposit of over £100,000, with 16 locations demanding over £200,000, due to the widening gap between house prices and average incomes, impacting affordability for averag...

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cbsnews.com
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Home Equity Loan Costs in 2025: $786-$995 Monthly Payments

In early 2025, an $80,000 home equity loan costs between $786 and $995 monthly, depending on the term (10 or 15 years) and interest rate (around 8.45% for qualified borrowers), with shorter terms costing more monthly but less overall. Cash-out refinancing may be less favorable due to potentially hig...

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cbsnews.com
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US Home Equity Growth to Slow in 2025 Despite Record Highs

U.S. homeowners with mortgages gained $425 billion in home equity (2.5% year-over-year) from Q3 2023 to Q3 2024, primarily due to rising home prices; however, experts predict slower growth in 2025 due to increased housing inventory and regional market variations.

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theglobeandmail.com
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Canadian Home Sales Surge 26 Percent Amidst Lower Interest Rates

Fueled by five interest rate cuts and relaxed mortgage rules, Canadian home sales jumped 26 percent year-over-year in November, with economists predicting continued strong activity in 2025 despite affordability challenges; however, this boom is expected to subside in the first half of 2025.

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48% Bias Score

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Showing 25 to 36 of 43 results