Tag Archives: Home Equity

Want a house? See what $1 million gets you

First, negative home equity. Millions of homeowners are still stuck in place, unable to sell because they owe more on their mortgages than their homes are worth. While more than 3 million homeowners came up from underwater in the past … Continue reading

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Reverse Mortgages Are Backfiring on Some Seniors

Experts argue reverse mortgages often are being used today for all the wrong reasons. Seniors now have less home equity, less savings, and more debt. “This was originally contemplated as something you could draw money from over a long period … Continue reading

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More Homes Are Above Water, But Some Sellers Still Suffer

As home sale prices rise, overall home equity rises, and consequently more and more mortgages are no longer “under water.”  1.3 million homes that were previously worth less than the mortgages on them came back into positive territory in the … Continue reading

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More Homes Are Above Water, But Some Sellers Still Suffer

As home sale prices rise, overall home equity rises, and consequently more and more mortgages are no longer “under water.”  1.3 million homes that were previously worth less than the mortgages on them came back into positive territory in the … Continue reading

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