Building up equity may be sensible route to finance property improvements – Gareth Shaw

Using cash built up in a property to pay for renovations is common among homeowners.

A It’s common for people to tap into the cash they’ve built up in their property to pay for renovations, but it isn’t the only route. Remember that a mortgage is a multi-decade debt, and so any additional borrowing you take on stays with you for the term of your loan. What might seem like the obvious place to finance your project, could be the most expensive.

Let’s explore what you’re suggesting in a bit more detail. Given that you’ve just bought the property, what

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Wall Street predicts that equity bull run will continue

Corporate earnings updates

A robust corporate profits recovery is igniting optimism on Wall Street that US equities will extend their bull run even as investors question whether companies can eclipse a high bar for earnings growth and margins.

The latest quarterly reporting season showed US corporate earnings, revenues and profit margins expanding at their strongest pace since FactSet began tracking these metrics in 2008.

That performance has helped drive US equities to fresh peaks, with the S&P 500 up more than 18 per cent

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Why Home Equity Loans Are Still So Hard to Come By

Homeowners in the market for a home-equity line of credit, which is a revolving line of credit secured by a mortgage, might find them difficult to come by these days. Several large banks suspended the origination of these loans last year because of the pandemic and resulting economic uncertainty.

But despite a recovering jobs market, robust housing market and a record amount of home equity available to tap—$7.3 trillion through the end of the fourth quarter of 2020, the largest amount ever recorded, according to mortgage-technology and data firm Black Knight—several banks haven’t resumed originating Helocs.

Wells Fargo suspended the

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