Mortgage borrowers in Colorado ended the last decade in a much better place than where they started it, especially along the Front Range. Only 2.8% of Colorado mortgages were “seriously underwater” in the fourth quarter, meaning the loan was 125% or more above the home’s market value, according to an analysis provided by ATTOM Data Solutions. That ranks as the fifth-lowest ratio of seriously underwater homes after Washington, Oregon, California, and Hawaii. Colorado also ranks high, eighth overall, for its share of “equity-rich” mortgages, defined as those with a remaining balance at half or less of a home’s value.

BING NEWS:
  • What is Home Equity?
    Home equity is the difference between your home's value and the amount you still owe on your mortgage. It represents the paid-off portion of your home.
    04/23/2024 - 8:02 am | View Link
  • When to use home equity for spring repairs (and when not to), according to experts
    If you have a lot of existing high-interest debt, you might be better off taking care of that first, before making repairs or upgrades to your home. Rather, you might use home equity financing for ...
    04/22/2024 - 2:52 am | View Link
  • With property values strong in 2023, many homeowners tapped home equity lines of credit, pushing total HELOC balances up 6.6%
    Overall, HELOC debt nationwide increased by 6.6% in 2023, the second consecutive year that HELOC balances have grown. In the third quarter of 2021, HELOC debt was $295.5 billion; in the same quarter ...
    04/18/2024 - 8:06 am | View Link
  • Biden touts progress on racial wealth gap — that may come with more property taxes
    President Joe Biden plans to tout his progress on closing the “racial wealth gap” Friday in a speech at the Rev. Al Sharpton’s National Action Network’s 2024 convention. Biden is ...
    04/12/2024 - 8:28 am | View Link
  • Longtime Colorado residents are being forced to sell their homes after huge influx of newcomers during COVID pushed property taxes up by 40%
    If your home value went up 40 percent, that might be a wonderful thing on the equity ... oversees the rich skiing community of Aspen, added: 'That could put some folks at risk of not being able to ...
    04/10/2024 - 4:43 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News