Annette  Lawrence , Palm Harbor, FL 727-420-4041, Making FLORIDA Real Estate EZ  (ReMax Realtec Group)

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Rainmaker
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Peter Mohylsky. Broker Associate
Miramar Beach - Santa Rosa Beach, FL
THE BEACH IS OPEN AND WAITING FOR YOU

I am not a lender and I did not spend the night in a holiday inn but interesting quesitons.  My conversatons with lenders is that money might be getting tight.  cash out is not something we discussed YET>  

Jobs and income are key elements to this world we are living in right now.  Lots of empty store fronts on the comercial side in my neighborhood.  

Mar 25, 2021 08:37 AM
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Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Interesting question.  I do not have insight into that data.  

All of my friends and clients are still working ... many are thriving financially in unique ways.  Many are remodeling their home (expanding due to working from home) and many are buying a larger home.  A few refinanced and paid off a second mortgage. 

Mar 25, 2021 08:28 AM
Rainmaker
5,321,931
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Annette,

No data to share.  Hopefully you will get some viable answers. A

Mar 25, 2021 08:32 AM
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Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Homeowners were not hurt by the slowdown as much as the general public so I would estimate that few chose this route.

Mar 25, 2021 09:27 PM
Rainmaker
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Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Just read from CoreLogic that HELOC's increased because of it but it also stated that equity is the highest now than ever. I was a little surprised by 'than ever'.   Added copy of their email. Dumped the report already.

Just had a discussion about this & some agents are worried about it.

 

Mar 25, 2021 01:04 PM
Rainmaker
3,981,237
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Having just assisted a freind in another state complete a cashout refinance, they are not easy to come by and the underwriting can be brutal. Many ay have sought a HELOC but I have no info on those and they have other limits.

Mar 26, 2021 04:37 AM