Home equity is back and homeowners are using it

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As home prices rise, homeowners are wasting no time making use of their newfound, or regained, home equity. In fact, while all mortgage originations rose in the third quarter of this year, the biggest gain was in home equity lines of credit (HELOCs).

Originations of these loans, which are often in addition to primary mortgages, jumped over 17 percent for the quarter, according to Inside Mortgage Finance, a mortgage industry publication: $20 billion in new HELOCs, which is the most quarterly volume for the product this year.

Cost of borrowing across time

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Cost Of Owning A Home Over The Decades

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Investing in student housing

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Looking to invest in student housing? Click below to watch the video and listen as Al Rabil of Kayne Anderson Real Estate Advisors LLC – the largest private buyer of student housing in the U.S. – explains the markets they go after and why:

Homeownership Cost in the Top 25 US Cities [INFOGRAPHIC]

Homeownership costsCourtesy of the great folks at KCM.

 

Why Now Is The Time To Buy A New Home

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American Resurfacing: Housing Market Above Water

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What 1% Will Save You on Your Mortgage [infographic]

An interesting look at what 1% savings on your mortgage could be used for.

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6 Essential Tips For First Time Home Buyers

Even better than being pre-approved is Certified Mortgage ReadyTM, something that we at John L. Scott can help home buyers with. It allows borrowers to compete with cash offers.

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