EquityInfoCenter.com

Facts About A Home Equity LoanNews from EQuicknews:

A home equity loan аllоwѕ yоu uѕe thе equity yоu have іn your home bу converting іt to cash thаt cаn be directed tо fund important expenses. You cаn access a large loan amount tо meet expenses lіkе уour kids’ college fees оr pay for a family member’s medical expense. A homeowner with sufficient home equity cаn easily avail a home equity loan. Here arе sоmе оf the benefits of ѕuсh а loan and ѕоme of іts disadvantages.
How you benefit from home equity loans
· A home equity loan lets уоu access а [...] Continue Reading…

Crunch time for private equity firms as chickens come home to roostNews from Sydney Morning Herald:
In private equity land, it is a case of the weak getting weaker and the strong getting stronger. Photo: Getty Images

IN THE next week or so, private equity firms will complete their December 31 asset valuations and send their investors letters telling them just how much – or little – the companies they invested in are worth today.
According to guidelines adopted by private equity funds in Australia, individual assets are valued according to a formula that estimates their mark-to-market valuation. With the Australian sharemarket [...] Continue Reading…

Obama Answers Bernanke Plea With Refinancing Plan: MortgagesNews from BusinessWeek:
Jan. 25 (Bloomberg) — President Barack Obama answered Ben S. Bernanke’s appeal for more action to fix the U.S. housing market that’s restraining the economic recovery by proposing a plan to help borrowers reduce their monthly mortgage payments.
Obama is sending Congress legislation that would allow homeowners to tap record-low borrowing costs, potentially boosting housing as he seeks re-election this year. The proposal could save participants about $ 3,000 a year, Obama said in his State of the Union speech to Congress.
Even with unemployment at the lowest level since February [...] Continue Reading…

Divorcing couples struggle to deal with negative equity in homesNews from Northern Nevada Business Weekly:Divorcing couples struggle to deal with negative equity in homesJohn Seelmeyer, 1/23/2012
Life used to be much simpler for Kim Surratt, a family-law attorney in Reno.
Back when home prices were rising steadily, the divorcing couples with whom Surratt works would agree to sell their house, split the profit and get on with their lives.
But now that thousands of home-owning couples owe more on their mortgages than their homes are worth, Surratt and other professionals face the baffling task: How to equitably divide negative equity.
No one is [...] Continue Reading…

Boomers’ $ 3 trillion nest eggNews from CBS News:(MoneyWatch) 
Americans aged 62 and older had accumulated $ 3.19 trillion in home equity by the end of the third quarter of 2011, according to data recently released by the National Reverse Mortgage Lenders Association (NRMLA). During the same quarter, home equity increased by $ 46 billion, reflecting stabilization and improvement in home prices. The $ 3.19 trillion is the net result of a $ 4.2 trillion increase in aggregate senior housing values and a mortgage debt of $ 1.02 trillion.
This is good news for us [...] Continue Reading…

8 Ways to Finance Your Startup with Debt: Part 2News from Small Business Trends:
I mentioned this article to someone recently who was surprised at the limited number of debt options for startup companies.  I asked her to do some research and encouraged her to come on and comment on the story if she has some other suggestions.  It’s not that we’re discussing the “only” debt options for startups but, rather, we’re talking about the most common options or the solutions that can be employed by the majority.  The answers to all your prayers may not be here but it’s [...] Continue Reading…

Consolidated debt using a home-equity loanNews from Aiken Standard:

FeatureColumns   PUBLISHED: 1/20/2012 8:57 PM | Print | E-mail | Viewed:409 times

UPDATED: 1/20/2012 8:57 PM

All of us have seen the ads on TV and heard the radio ads touting various schemes to get out of debt in “x” number of years by using a certain vendor’s secret strategies that are available for not an inconsequential fee. I have checked out a few of these offers myself and can report that there is no silver bullet for reducing debt. Most of these “revolutionary” techniques offer nothing new.The steps to debt reduction [...] Continue Reading…

Senior Home Equity Increases By $ 46 Billion In Q3 2011News from ParamusPost.com:
By Mel Fabrikant    Thursday, January 19, 2012, 06:41 PM EST   

Data released today by the National Reverse Mortgage Lenders Association (NRMLA) shows senior home equity increased $ 46 billion in the third quarter of 2011. Seniors have $ 3.19 trillion in home equity available according to the most recent NRMLA/Risk Span Reverse Mortgage Market Index (RMMI) report.
“This data further demonstrates that the home must be considered as part of the funding longevity equation. Reverse mortgages are a creative tool to help seniors better use the [...] Continue Reading…

What Will Seniors Do With Their $ 3.19 Trillion in Home Equity?News from Senior Housing News:

The total amount of home equity held by U.S. seniors is on the upswing, according to the latest data from the RiskSpan Reverse Mortgage Market Index (RMMI), a quarterly measure of home equity for people who are aged 65+.
The home equity total rose $ 46 billion in the third quarter of 2011, data released on Wednesday by the National Reverse Mortgage Lenders Association (NRMLA) and RiskSpan shows.
In the third quarter of 2011, senior home equity increased 1.5% to 152.0, for a total of $ [...] Continue Reading…

Senior Home Equity Rebounds to $ 3.19 Trillion in Q3News from Reverse Mortgage Daily:
Senior home equity increased $ 46 billion in the third quarter of 2011, according to data released on Wednesday by the National Reverse Mortgage Lenders Association (NRMLA) and the RiskSpan Reverse Mortgage Market Index (RMMI).
In the third quarter of 2011, senior home equity went up 1.5% to 152.0, for a total of $ 3.19 trillion of available home equity, the NRMLA/RMMI report says.

“This data further demonstrates that the home must be considered as part of the funding longevity equation.  Reverse mortgages are a creative [...] Continue Reading…