National affordable housing innovator Arrive Home has announced the launch of its Earned Equity Program. As part of Arrive Home’s continued mission to expand access to homeownership for underserved borrowers, the new Earned Equity program helps more consumers achieve their homeownership goals through a long-term purchase contract.
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APEX Mortgage Group, an inclusive mortgage provider based in Atlanta that is committed to helping individuals from all backgrounds, has engaged Calque to launch The Trade-In Mortgage to their clients. Despite market conditions and fluctuating mortgage rates, numerous homeowners are seeking a change of location and buying a home continues to be a sound financial decision. The Trade-In Mortgage option helps homeowners optimize the home purchase process and reduce costs by using their current home equity.
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ATTOM has released its third-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 47.4 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values.
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