HomeWealth IQ

08/27/2021

Home equity is at HISTORIC HIGHS and mortgage rates are at HISTORIC LOWS. Banks significantly tightened their lending standards. Homeowners can access home equity to eliminate the issues that result in homeowner inability to refinance and pull cash out.

08/26/2021

Home equity is hitting record levels. Homeowners with substantial equity in their home may have financial issues that lock them out of the benefits of substantially lowering their mortgage interest rate and payment. With HomewealthIQ, if you have equity, you have options.

06/04/2021

If you have equity, you have options! HomeWealthIQ provides homeowners a path forward regardless of their current situation. Whether you have bad credit and a high DTI or are currently unemployed, we can help. Don't let the people you love and care about potentially lose their home unecessarily!

Families across the U.S. are at risk of losing their homes when a federal moratorium on evictions imposed during the pandemic lifts at the end of June. Omar Villafranca follows a father and son facing uncertainty.

11/30/2020

Banks may not have options for the coming tsunami of foreclosures...but we do.

Millions of households are behind on their rent and face a potential "fiscal cliff" early next year.

11/14/2020

What if people expanded the concept of portfolio drift to include their largest non-financial asset...home equity?

Stocks may be expensive based on historical measures, but it’s nothing compared to skyrocketing home values.

07/17/2020

"...banks are reticent to lend to riskier borrowers in such uncertain economic times.

‘It’s often a no-can-do’"

HomeWealthIQ's innovative solutions provide homeowner's and investment porperty owners to access their equity without debt.

Total home equity in the U.S. rose to its highest level ever at $6.5 trillion in the first quarter, according to Black Knight, a loan research and analytics firm.

07/05/2020

HomeWealthIQ can unlock equity without debt

“As a country, we’re equity rich, but the tightened credit box has locked many people out of the ability to access that equity"

Homeowners have options when tapping the equity in their home but they carry caveats in the economic downturn.

05/13/2020

Send us a message to learn how people are accessing their home wealth without great credit or with tightened lending standards.

The worsening economy brought on by the coronavirus pandemic has big banks rethinking who they will lend to.

05/07/2020

03/25/2020

Do you agree? Is the return on home equity really ZERO?

Read why a paid-off home isn't the wisest financial goal to reach for.

02/28/2020

What about tapping home equity without debt?

"Most popular is an open-ended HELOC since in 2018, 1.12 million of these were originated. Second most popular is a cash-out refinance mortgage featuring a loan amount larger than the outstanding balance of the original loan. Approximately 1.09 million of these were originated in 2018.

The third most popular option is a closed-end home equity loan or closed-end second, in which a borrower pays back a fixed loan amount through monthly installments. While themselves far less popular than either open-ended HELOCs or cash-out refinances, HMDA data still indicates that approximately 296,000 closed-end seconds were originated in 2018.

Finally, the least popular option based on the data is reverse mortgages, with only roughly 33,000 of these having been issued in 2018."

Reverse mortgage products represent the least popular option of extracting home equity compared with three alternative methods, including open-ended Home Equity Lines of Credit (HELOCs), cash-out refinance mortgages, and closed-end home equity loans. Reverse mortgage use can also vary significantly....