Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property.
There are more and more programs surfacing from lenders that allow buyers to put down as little as 3% to buy their dream home.
Households under 35 – which represent the largest potential pool of new homeowners in the U.S. – have shown some of the largest gains. While they only make up a third of all homebuyers, the steady uptick in their homeownership rate over the past year suggests their enormous purchasing power may...
Every house on the market must be sold twice; once to a prospective buyer and then again to the bank (through the bank’s appraisal)