Homeowners Gain $9,800 in Equity

National Homeowner Equity In the second quarter of 2020, the average homeowner gained approximately $9,800 in equity during the past year. Montana had the highest year-over-year average increase at $28,900. Negative Equity Falls In the second quarter of 2020, the...

Chase Stops HELOC Loans

Initially, JPMorgan Chase announced that they were increasing their lending standards for home mortgage borrowers. The new threshold would require at least a 20% down payment and a FICO score of minimum 700. This might appear to be severe but the average FICO score in...

Personal Debt Overview

First of all, not all debt is calculated equally.  There is standard credit card debt, and then student debt, auto loans and home mortgages. They aren’t viewed the same way by the credit agencies. A recent article reported that the average amount carried on a credit...

Equity Rich in the U.S.A

The consistency in the growth of the economy as well as the growth in the real estate industry overall has had a spillover effect in homeowner equity. According to ATTOM Data Solutions, nearly fifteen million homes in the U.S. were calculated to be equity-rich...