3 smart HELOC refinancing strategies, according to experts [CBS News]
Bank of America Corporation (BAC)
Last bank of america corporation earnings: 4/15 06:45 am
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Source: CBS News
Partially as a result, the median sale price of U.S. homes spiked from $329,000 at the start of 2020 to $479,500 by the end of 2022, according to data analyzed by the Federal Reserve Bank of St. Louis While interest rates have gone back up, home prices haven't returned to their previous levels. As of the end of 2023, the median home sale price was still at $417,700 — $88,700 higher than four years prior. Home equity can give you access to a large chunk of money at a relatively low interest rate. That can be helpful if, for example, you want to invest in real estate , take on a large home improvement project or refinance high-interest debt . Most lenders allow you to borrow around 85% of your home's equity so if your home is worth $400,000 and you have $200,000 in equity, you could likely borrow up to around $170,000. Considering accessing your home equity? See how much you could borrow here now How can you tap into your home equity? If you're interested in tapping into your home
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BAC
Earnings
- 4/16/24 - Beat
BAC
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- BAC's page on the SEC website