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Stock impact report

These Homeowners Tapped Home Equity to Get Ahead With Their Finances. You Could, Too [CNET News]

Zions Bancorporation N.A. (ZION) 
Last zions bancorporation n.a. earnings: 4/20 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: zionsbancorp.com
Company Research Source: CNET News
High mortgage rates and low housing inventory are keeping housing demand up and home prices firm. While that makes the market less affordable for prospective buyers, current homeowners can take advantage of a growing source of wealth: home equity. With property values on the rise, home equity has been increasing for many Americans who have mortgages, giving them more opportunities to secure funds for their financial needs. The average homeowner with a mortgage can tap into $193,000 just from owning a sizable chunk of their home, according to mortgage data firm Black Knight. With this powerful asset at your disposal, you can take out a home equity loan or home equity line of credit (also called second mortgages) to cover just about any expense, using your home as collateral. And you can slowly pay it back at lower interest rates compared to some other forms of borrowing, such as a credit card or personal loan . Just be aware that home equity products come with risks , including fo Show less Read more
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