Home equity, personal and auto loans led growth in January
Overall credit union loans outstanding increased 0.7% in January of 2022, compared to a 0.9% increase in December of 2021 and a 0.09% decrease in January of 2021, according to CUNA’s [...]
Posts Tagged ‘Home Equity’
How home equity lenders must beat back online threats
Home equity lenders aren’t just competing with each other, but also with online providers of personal loans. All indications are that the speed, convenience, and generally superior digital experience offered by fintech lenders in [...]
3 questions to ask before tapping home equity
It’s been a good summer for home values, and it may spark dreams of how you can put the equity in your home to good use. What is home equity? It’s the difference [...]
How home equity lending can deepen customer relationships
One of the main sources of wealth among American families is homeowner equity. According to a report from the Federal Reserve1, household net worth in this country rose to a new record, hitting $98.74 [...]
HELOCS are on the rebound: Experian
Home equity lines of credit (HELOCs) are on the rebound, according to a new white paper from Experian. As of the fourth quarter of 2015, HELOC originations rose 111%, to $43.03 billion from $20.[...]
Credit union business development on steroids
So, you want to do business-to-business selling. So, you have a limited budget. So, you are expected to positively differentiate your institution when you are going up against large banks with large ad budgets and [...]
Latest trends report shows halcyon days for credit unions
CUNA Mutual Group's Chief Economist Steven Rick joins us to discuss his latest Credit Union Trends Report -- and it is a glowing one. In fact, Steven admitted that there really isn't anything negative to [...]
We’ve always done it this way
It’s Springtime and that means Home Equity season! Most credit unions I’ve been with recently are in the midst of a promotion of their Home Equity Loans or Lines of Credit. As you [...]
Home Equity Offers Make a Comeback, but Be Careful
by. Susan Tompor The comeback in home values means more people can tap into quick cash through home equity loans to pay for college, credit card debt, and yes, even to redo the driveway. Jo [...]
Tapping Your Equity to Buy a Second Home
By Les Christie @CNNMoney Should I use my home's equity to purchase another property? -- Anonymous With housing markets heating up and interest rates still low, it can be a great time to invest in [...]