Posted bySandyFloresRealEstateOctober 9, 2014October 9, 2014Posted inBefore you start looking for a home!, Beware!, Broker, Broker Sandy Flores, Buying, California, Closing Costs, Conventional Loans, Distressed Homeowners, Down Payment, Fannie Mae, Federal Housing Administration, FHA, FHFA, FICO Score, Financing, Flores, Freddie Mac, Helpful Tips, High Dollar, High Priced Markets, Home Loans, Home Loans on Demand, Home Mortgage, Homeowners, Homeownership, Housing Advocates, HOY es el mejor momento para comprar una Casa, International Real Estate, Investment, Jumbo Loans, Jumbo Mortgages, Leading your way Home!, Lenders, Loan Origination, Loans, Los Angeles, Markets, Miscellaneous, Money, Mortgages, News, Rates, Real Estate, Real Estate Broker, Realtor, Refinancing, Sandy Flores, Sandy Flores Blog, Sandy Flores Broker, Sandy's Blog, Sellers, US, Wealth, Wealthy Borrowers, Wealthy Sellers, Why NOW is a great time to buy a house!, Why this is a great time to sell your home?, ZillowTags:Among the nation’s 50 largest metropolitan statistical areas with HELOC, California Real Estate, Equity Line of Credit, have regained much of their home equity, HELOC, HELOC originations, HELOCs, Highest level of home equity loans, highest level since, Home Equity, home equity lines of credit, home equity loans, Home Loans On Demand, increasing number of homeowners are gaining confidence in the strength of the housing recovery, loan originations, loans, Los Angeles Real Estate, Luxury Home Estates, Luxury Real Estate, Metro areas with the biggest year-over-year increase in HELOC originations, Mortgage Broker, nationwide, Orange County Real Estate, RE Broker Sandy Flores, Real Estate Broker, Real Estate On Demand, RealtyTrac, Riverside Real Estate, San Bernardino Real Estate, San Diego Real Estate, Sandy Flores, Sandy Flores Blog, Sandy Flores Broker, Trulia, Trulia's Bubble Watch, Zillow
Highest level of home equity loans since June 2009. A total of 797,865 home equity lines of credit were originated nationwide, up 20.6% from a year ago and the highest level since the 12 months ending June 2009, according to RealtyTrac.
The report also shows HELOC originations accounted for 15.4% of all loan originations nationwide during the first eight months of 2014, the highest percentage since 2008.
“This recent rise in HELOC originations indicates that an increasing number of homeowners are gaining confidence in the strength of the housing recovery and, more importantly, have regained much of their home equity lost during the housing crisis,” said Daren Blomquist.
Among the nation’s 50 largest metropolitan statistical areas with HELOC data available, 49 posted year-over-year increases in HELOC originations in the 12 months ending in June 2014.
Metro areas with the biggest year-over-year increase in HELOC originations were Riverside-San Bernardino in Southern California (87.7% increase), Las Vegas (85.1% increase), Cincinnati (81.0% increase), Sacramento (65.1% increase), and Phoenix (60.1% increase).
Published by SandyFloresRealEstate
I moved to Orange County from Lima, Peru in 1986. I am happily married, have 3 kids and 8 grand kids that I love with all my heart. My goal was to become successful in this country. I knew that the United States is the land of opportunity for those willing to do their best to make their dreams come true. My parents, Luis Mora a Dental Surgeon, and Doris Olaechea a dedicated housewife and best mom for me tough me that in order to achieve my goals I had to work hard, envision a bright future, and last but not least keep always my family values above all. Ever since I could remember they have been right beside me supporting all my dreams, one by one. As a former a teacher, my role has been a person who inspires and encourages other people to strive for greatness, live to their fullest potential and see the best in themselves. I am not stranger to working long hours and helping people reach their goals and make their lives changed. I decided to get into Real Estate as another way to help families to achieve the Dream of Home-Ownership. My sense of motivation and commitment toward this goal, kept me going non-stopping.I am very proud of being part of so many success stories from hard working people accomplishing not only the Dream of Ownership but also learn how to invest in properties. I have always put my client's best interest as my top priority. My marketing and negotiating skills are uniquely coupled with my ability to understand my clients’ tastes and needs. It’s one of the most humbling and fantastic feelings to be able to share such a major life event.I firmly believes the successful listing or purchasing of a home takes the knowledge of not only an industry but also expertise. Knowledge combined with years of established relationships in the real estate business and the community have helped me maximize my ability to make things happen for my clients.View more posts
