Alaya Linton

Sep 26, 2024 | cnn.com | Alaya Linton |Katie Lowery

Money Mortgages By Alaya Linton Andrew Pentis Katie Lowery, CNN Underscored Money Updated 1:29 PM EDT, Thu September 26, 2024 Link Copied! Anchiy/iStock Current homeownership statistics reflect economic shifts over the past year and the continued impact of housing market changes over the past several years. At 65.6%, the overall homeownership rate is higher than pre-pandemic levels; however, the national median household income remains below the income needed to purchase a median-priced...

Sep 25, 2024 | cnn.com | Alaya Linton |Katie Lowery

Money Mortgages By Alaya Linton Katie Lowery Andrew Pentis, CNN Underscored Money Published 9:18 AM EDT, Thu September 26, 2024 Link Copied! Anchiy/iStockphoto Recasting a mortgage is a little-known strategy to lower your monthly payments without refinancing your home loan. By making a lump sum payment toward your mortgage principal, you can lower your loan balance and, in turn, your monthly payments while keeping your current interest rate and loan term (and perhaps ditching conventional...

Sep 13, 2024 | cnn.com | Alaya Linton |Katie Lowery

Money Mortgages / Home Equity By Alaya Linton Katie Lowery Andrew Pentis, CNN Underscored Money Published 1:27 PM EDT, Fri September 13, 2024 Link Copied! zamrznutitonovi/iStockphoto If you have a home equity line of credit (HELOC) and need to reduce your payments, access more equity or switch to a fixed rate, take heart: you can refinance a HELOC. And there are multiple ways to do it, including getting a new line of credit or refinancing the balance into your primary mortgage. However,...

Sep 12, 2024 | cnn.com | Alaya Linton |Katie Lowery

Money Mortgages By Alaya Linton Andrew Pentis Katie Lowery, CNN Underscored Money Published 11:45 AM EDT, Thu May 23, 2024 Link Copied! If you’re on the hunt for a home equity line of credit (HELOC), you won’t be surprised to learn that current HELOC interest rates remain elevated, thanks to inflation-inspired Federal Reserve policymaking. More expected news: The best HELOC rates are reserved for the most creditworthy borrowers. So, before applying for financing, strengthen your application...

Sep 12, 2024 | cnn.com | Alaya Linton |Katie Lowery

Money Mortgages / Home Equity By Alaya Linton Andrew Pentis Katie Lowery, CNN Underscored Money Published 12:04 PM EDT, Thu September 12, 2024 Link Copied! skynesher/iStock Getting a home equity line of credit (HELOC) on an investment property is possible, but not all HELOC lenders offer it. As a result, investment property HELOCs are more challenging to qualify for and have more restrictive loan terms than traditional HELOCs. Yes, you can get a HELOC on an investment property — but how? 1....