Previous: Paradatec Passes Fannie Mae Certification Next: Small Step for Women and Minorities, Giant Leap for Mankind The Best Markets For Residential Property Investors 2 days ago Related Articles Print This Post Home / Daily Dose / What’s a HELOC Again? Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Share Save July 13, 2017 1,644 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago HELOC 2017-07-13 Brianna Gilpin Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Market Studies, News Brianna Gilpin, Online Editor for MReport and DS News, is a graduate of Texas A&M University where she received her B.A. in Telecommunication Media Studies. Gilpin previously worked at Hearst Media, one of the nation’s leading diversified media and information services companies. To contact Gilpin, email [email protected] About Author: Brianna Gilpin Subscribe Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily What’s a HELOC Again? The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HELOC There comes a time in homeownership where remodeling comes into consideration. Though many wish they had disposable income readily available to renovate their home, most times homeowners find themselves taking out a loan. Recent studies by Bank of America show that more than 36 percent of first-time homebuyers wouldn’t consider using a home equity line of credit, or HELOC, because they simply aren’t aware of what they are or how they work. So how can HELOCs be better explained to buyers so they are aware of the opportunity? To find out more, DS News asked Dave Gorman, Divisional Sales Executive at Bank of America.Q: Other than lack of understanding, what are some reasons people hold back from using a HELOC?A: Lack of understanding is a clear barrier revealed in the 2017 Homebuyer Insights Report. In many cases, homeowners need to wait a few years to grow the equity necessary for a HELOC, and to build a strong overall financial picture. We employ responsible lending standards when it comes to HELOCs, so our clients can be financially successful.Q: What are the advantages of using a HELOC versus a credit card or a loan that is not tied to home equity?A: A HELOC allows owners to secure credit from their home, which can be used for major projects such as home renovations, among other possibilities. HELOCs often have lower interest rates than credit cards and the interest you pay is typically tax deductible. HELOCs also offer a great level of flexibility in payment options as when compared to a credit card.Q: What advice do you have for first time homebuyers to get more educated on HELOCs and other information regarding home buying?A: When considering a HELOC, any owner, whether new or experienced, should consult with a financial advisor or loan officer about the opportunities available to them. It takes time to build the equity necessary, but can be a worthwhile venture due to a HELOC’s flexible nature and many benefits.Making smart improvements can positively affect a home’s value. It’s a good idea to understand your home’s current value and consult with a local real estate expert before investing in significant home improvements. There are tools online that enable you to make these calculations from home.
12:25 p.m.What makes a championship obedience dog? The Westminster Kennel Club knows it by Heart. A Labrador retriever named Heart won Westminster’s obedience contest Sunday, extending her sweep of the five-year-old competition.With that, handler Linda Brennan says they don’t plan to enter the contest next year. “I think it’s only fair” to step aside, said Brennan, an obedience trainer from Columbia, New Jersey. Associated Press The competition requires dogs to sit, stay, retrieve a toy on command and stick by their handlers’ sides while walking around other people, among other skills. Finalists used to do complex six-minute routines of their own devising, but Westminster changed things up this year to align more closely with other obedience trials. Heart, age 7, executed the maneuvers with her tail wagging.“She loves this environment — she really does. She finds it very exciting and very stimulating,” Brennan said. Don’t lose heart, owners of everyday dogs: Even Heart misbehaves from time to time outside the ring.“She has her little naughty habits,” Brennan said with a smile.,Update on the latest sports The Latest: It’s toys, terriers and “non-sporting” dogs’ day February 10, 2020 Pomeranians, papillons and other toy dogs are in the rings Monday, as are terriers and the diverse category of dogs known as “non-sporting” breeds. They range from Dalmatians, bulldogs and poodles to less familiar breeds such as the löwchen, Norwegian lundehund and Xoloitzcuintli — that’s “shoh-loh-eetz-KWEENT’-lee,” a hairless breed from Mexico.Backstretch the bulldog took in the scene as she waited to compete. Just 12 weeks after having a litter of puppies, she was back in competitive shape and ready to show off with owner and handler Valery Scrimo of Saratoga Springs, New York. Daytime judging chooses the best dog in each breed. Those winners begin facing off Monday night at Madison Square Garden, where best in show will be named Tuesday night.___ Share This StoryFacebookTwitteremailPrintLinkedinRedditNEW YORK (AP) — The Latest on the Westminster Kennel Club dog show (all times local):12:55 p.m.Tiny dogs are having their day at the Westminster Kennel Club show.