Business banking and home equity loans
also experienced modest growth during the quarter.
Lenders are eager to help many do just that through home equity loans
, home equity lines of credit and cash-out refinancing.
The ratio of originated non-performing home equity loans
to originated home equity loans
was 0.81% at June 30, 2018 compared to 0.85% at March 31, 2018.
In home equity loans
, 1 percent of Arkansans anticipated acquiring debt, while Missouri and Oklahoma were both at 0 percent.
Home equity loans
allow borrowers to use the equity in their home as collateral.
In California at least, credit unions have begun to see revived demand for home equity loans
and lines of credit, according to credit union and real estate executives.
Although rising property taxes have also contributed to the debt, besides the financial crisis or perhaps more aptly, because of the financial crisis, many Americans are using home equity loans
to fund health care and other expenses.
Customers will also learn more about home equity loans
when they shop online at MyReviewsNow.net and visit LendingTree.com.
Of the 11.1 million upside-down borrowers, there are 6.7 million first liens without home equity loans
. This group of borrowers has an average mortgage balance of $219,000 and is underwater by an average of $51,000 or an LTV ratio of 130 percent.
This month's article focuses on two common resources often utilized in financing medical care: home equity loans
and retirement plan and individual retirement account (IRA) distributions.
Her responsibilities include advising clients on residential loans, including purchases, new construction, refinances and home equity loans