February 15, 2009 |
Rebecca Malik started an online contemporary furniture store in June, and already she is thinking of expanding it. "We've been trying to ramp it up and get it going," she said. Among the changes she is considering: beefing up the marketing budget and the inventory. But she is wondering how to go about financing it. She and her husband, Raj, an in-house counsel for an information technology company, think that taking a home equity line of credit against their Dupont Circle two-bedroom condo could be a good option.
August 28, 2008 |
An increase in consumer complaints over the cancellation or reduction of home equity lines of credit has prompted one federal banking regulator to remind financial institutions about the laws governing this type of loan. The Office of Thrift Supervision, which supervises savings associations and their holding companies, has warned institutions that if they curtail or terminate a home equity line of credit, the action must comply with federal laws and rules designed to protect customers, including regulations covered in the...
February 13, 2010 |
With all the bad news about underwater homeowners and strategic walkaways, you might think that American homeowners' equity holdings are in the tank. But the least-publicized recent statistic on real estate is that, despite these scary reports, home equity is again on the rise. Is that some piece of rosy propaganda put out by housing lobbyists to stimulate more home buying? Not unless you consider Federal Reserve economists to be shills for the real estate industry. The Fed conducts massive research...
September 13, 2008 |
(Second of two articles) When an investor offers you $50,000 or $100,000 in exchange for 30 percent to 50 percent of your home's future appreciation, is it a good deal? That's what some investment firms are promoting as an alternative to traditional home equity loans, lines of credit and reverse mortgages. The companies argue that sharing future increases in value is a superior way to convert current equity into spendable money now because there are no monthly payments or interest charges, fees are...
March 15, 2013 |
Home equity is back! And it's growing fast: According to the latest data from the Federal Reserve, Americans' net equity holdings in their houses jumped by nearly half a trillion dollars during the last three months of 2012 and have increased by $1.7 trillion since the spring of 2011. What does this mean to you personally? Depending on where you own your home, it might mean that finally — after years of struggling with an underwater mortgage — the market value of your...
May 16, 2013 |
The retirement prospects of Americans are slipping for the first time in generations, according to a report released Thursday, adding a new voice to those warning that future retirees face the risk of downward mobility when they leave the workforce. The report by the Pew Charitable Trusts said that Americans born after 1955 are carrying more debt than the generations that came before them, putting them in danger of not having enough savings to maintain their standard of living in retirement.