Nearly half of mortgaged homeowners are equity-rich again as home prices soared in the second quarter of 2024. New data from ATTOM found that 49.2% of mortgaged residential properties were considered equity-rich in Q2, up from 45.8% in Q1. This matches a record high from the spring of 2023 and is the first increase after…
PrimeLending introduced a new home equity loan product that allows Americans to combat inflation and high credit card debt with the value stored in their homes. Borrowers can convert home equity into cash, which they can use for anything, including managing finances, covering expenses, and consolidating high-interest debt. Homeowners can access a portion of their…
Mortgage lenders are trying all kinds of promotions to attract new borrowers, from rate buydowns to downpayment assistance. But PrimeLending is offering something unique: home security. PrimeLending, a national mortgage lender, and SimpliSafe, a home security systems company, have announced a partnership to provide homebuyers with preventative smart home protection. “Buying a home is an…
Kelly McGuinness has been promoted to SVP, Regional Manager for the Northeast Region at PrimeLending, the company announced in a press release. McGuinness will be responsible for loan origination production in the Northeast, including New York, New Jersey, Connecticut, Rhode Island, Massachusetts, New Hampshire, Vermont, and Maine. “Truly honored, humbled, and excited for this next…
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