Into to Peggy Sage a Reverse Mortgage Specialist

Podcast#16 Reverse Mortgages Intro To Peggy Sage

Darcy, Aury and I chat about using a HELOC to purchase real estate. HELOC's are a great tool but should be used with caution, and you need to understand the good and the bad.

Episode originally aired on "Advanced Real Estate Investing Talk" Podcast on June 20th 2023

Find "Advanced Real Estate Investing Talk" on...
ITunes Podcast/ Soundcloud
Google Play/ Spotify/ Stitcher

EP279 Why Should Or Shouldnt You Invest Using A HELOC

Home Equity, Navigating the Hidden Costs & Your True Home Value: Audio Blog My Home, My Sale!

Newsletter & Blog Post Sponsorship Package: https://nicemarket.company.site/Newsletter-&-Blog-Post-Sponsorship-Package-p565098084

Homeownership is often associated with the accumulation of wealth through the growth of home equity. Many homeowners believe that their home's value minus the mortgage balance represents their equity. However, this common misconception can lead to unrealistic expectations. In this article, we'll discuss the concept of home equity and shed light on the true financial picture when selling your home.

Defining Home Equity: Home equity is the difference between your home's current market value and the outstanding balance on your mortgage(s). It's a measure of the actual financial stake you have in your property. However, there's more to it than a simple subtraction.

The Illusion of Equity: The formula "estimated home value minus mortgage balance" can be misleading. To understand why, let's look at the various costs and expenses that must be settled when you decide to sell your home.

Breaking Down the Costs:

Mortgage Payoff:  When you sell or refinance your home, your mortgage balance isn't your mortgage balance. This is because mortgage lenders often include interest for the remaining balance up to the date of payoff. Additionally, some loans may carry prepayment penalties.

Example: Let's say your mortgage balance is $200,000. However, to pay it off entirely, you may need $203,500 due to interest and fees.

Home Equity Loan or 2nd Mortgage: If you have a home equity loan or a second mortgage, these need to be paid off, too. Even if there's no outstanding balance, some lenders may charge closeout fees.

Payoff Fees: Your lender may impose fees for processing the final mortgage payment, sometimes referred to as a "payoff request fee."

Closing Costs: Every home sale involves closing costs, which typically amount to about 2% of the home's sale price. These expenses cover various fees, including those charged by the title company and the cost of transferring ownership

Read More on Homeowners Corner https://bit.ly/homeownerscorner

beNICEmedia Marketing Services 
https://nicemarket.ecwid.com/

Amazon Deals
https://amzn.to/3T5Pqad

Honey Applies the Best Promo Codes to Your Cart. 
Visit https://bit.ly/honeybeNICEmedia today and start saving!

#realestate #podcast #myhomemysale

09/28/2023

Home Equity Unveiled Navigating The Hidden Costs And True Value

Welcome to the Tearsheet Podcast, where we explore financial services together with an eye on technology, innovation, emerging models, and changing expectations. I’m Tearsheet’s editor in chief, Zack Miller.

What's up FinTech fam? On today's episode, we're going deep on an innovative new way to tap into your home's equity - without taking on more debt.

Our guest is John Green, co-founder and CEO of Nada, the first SEC-qualified platform allowing homeowners to access their home equity in exchange for a share of the future appreciated value. John breaks down how Nada's unique "home equity investment agreements" provide much-needed liquidity for owners while offering investors access to the $30 trillion residential real estate market.

We learn about the multi-year journey John and his team undertook to navigate the regulatory minefields of consumer finance and securities laws. John pulls back the curtain on Nada's business model, including their creative distribution partnerships and their plans to take these equity funds public as REITs.

You'll hear John's bold vision to make home equity as liquid and accessible as checking your savings account balance. From debt relief to fueling consumer spending, he shares how unlocking this massive asset class could drive huge economic empowerment.

John also gets candid about leadership lessons he's learned as an "unreluctant extrovert" and former full-time punk rocker! It's an insightful discussion at the intersection of fintech disruption, regulatory innovation, and an audacious founder's journey.

Join us for this fascinating look into making one of the largest asset classes finally available to everyone. Let's go!

Unlocking home equity: The future of residential real estate investing with Nada's John Green

Ways home equity can be used with a reverse mortgage - Part I

Podcast#82 Reverse Mortgage W Peggy Sage Use Of Equity I

In this week’s episode of On the Highway, Megan Anderson reveals how the average mortgage holder has $319,000 in equity—$207,000 of which is tappable. With rising consumer debt, many hesitate to tap into this equity due to higher rates, but MBS Highway’s blended rate tool can show why it still makes sense. Tune in to learn how to guide clients toward smart debt solutions!

For more timely updates like this daily, sign up for a free 14-day trial of MBS Highway: www.mbshighway.com/t/podcast-megan

Unlock $17.2 Trillion in Home Equity Potential

If a Medicaid applicant is single, there is an equity limit for your homestead for eligibility. This podcast not only explains the limit, but also how to protect your homestead for your beneficiaries should you even get government assistance for your care through Medicaid.

Home Sweet Home-Equity Limit Increased for 2025 Announced | 01-14-25

Discover how to tap into your home’s hidden value! In this episode, we break down how home equity loans work and how they can open doors to financial growth, from renovations to debt consolidation. Tune in to make smart money moves!

Unlocking Financial Opportunities with Home Equity Loans

Mortgage with Abhishek provides expert mortgage solutions across Ontario, offering personalized service for home purchases, refinancing, private lending, and investment properties.

Michael B. Cohen is an elder law attorney whose Dallas law practice focuses on the legal needs of the disabled and elderly, including estate and Medicaid and other public benefits (such as Veterans benefits) planning. He is a frequent speaker on these topics.

Tearsheet is news, opinion, and analysis on the business of finance.

Candid conversations with senior executives, fintech entrepreneurs, investors, industry experts -- all weigh in on the trends impacting the industry and the disruptive impact technology is having on the business.

Where social media, technology and finance intersect.

Helping anyone invest in the U.S. real estate market from anywhere!

New tracks tagged #home equity