Home equity is the market value of a homeowner’s unencumbered interest in their real property, that is, the difference between the home’s fair market value and the outstanding balance of all liens on the property. In economics, home equity is sometimes called real property value. (Wikipedia) Homeownership offers many advantages over renting, including a stable living environment, […]
Knock, Knock, Your HELOC is Coming Due Soon
Some time ago we wrote about this issue. Now the time has come so we are putting out the warning one more time. Ten years ago we were at the height of the real estate bubble. We all know what happened soon after that. In the years leading up to that time and a few […]
