Taking out a home equity loan for the wrong reason or at the wrong time could cost you big.

If you owe less on your home than it’s worth, you have equity. With a home equity loan, you borrow against that equity and pay the loan back in equal monthly installments for a preset number of years (typically, five to 30 years). The amount you can borrow is usually capped at 80% to 85% of available equity. For example, if your home is worth $300,000 and you owe $200,000, you have $100,000 in equity. That means you may be eligible to borrow $80,000 to $85,000 in a home equity loan.

When you take out a home equity loan, your home acts as collateral, meaning a lender can repossess your house if you fail to make payments. Home equity loans can be useful, but it is crucial to consider whether you

That means that 57 per cent of people whose home loan deferrals were due to expire in September – some 22,900 borrowers owing a total of $8.7 billion – felt they were now in a position to meet their loan repayments.

As a result, the Commonwealth Bank has seen a gratifying improvement in its home loan book in the past month alone.

At the end of August, 9.8 per cent of its giant home loan portfolio (measured in terms of value) consisted of loans in deferral. By the end of September, this had dropped to 8.0 per cent. (This translates into some 93,000 home loans, with a combined value of some $37 billion.)

What’s more, October is likely to see a further steep fall in deferred home loans, with deferrals due to expire on some 52,000 home loans (worth a combined $20 billion).

If more than half of home loan

Dividend Finance Inc., a U.S.-based fintech that specializes in point-of-sale lending to solar and home improvement contractors, announced on Wednesday the launch of a new technology platform. Founded in 2013, Dividend claims it is a leading national provider of renewable energy and energy-efficient financing solutions to property owners.

“We give our customers the opportunity to obtain clean energy financing through a comprehensive suite of financing options. Our flagship product, the EmpowerLoan™, continues to expand its product offerings into the storage and home-energy space.”

Dividend reported that in addition to a new solar + home improvement partner portal, it is now offering its solar contractors an array of new products and enhancements including:

• Dividend Lite: a new single-page URL application
• New solar loan terms, including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR
• Flexible credit criteria and funding requirements
• Same-day approvals and project funding

Skyler

No-one has scored more Premier League headers than Dominic Calvert-Lewin since the start of last season, but his leap to prominence is no surprise to the man who signed him for Everton.

He first spotted Calvert-Lewin as a 15-year-old in the gym when he was head of the Blades’ academy, and quickly realised he was “a talent who stuck out”.

“What first caught my eye was his gym work,” Unsworth tells BBC Sport. “We’d be there in the evenings and his power from a standing jump was the best I’ve ever seen. He was doing a lot of squats, and jumps at an incredible height onto these

Dividend Finance Inc. (“Dividend”), a leading FinTech point-of-sale lender to solar and home improvement contractors, is announcing the launch of a new technology platform. In addition to a new solar + home improvement partner portal, Dividend is offering its solar contractors an array of new products and enhancements including:

• Dividend Lite – a new single-page URL application which makes qualifying and signing up a customer faster and easier;

• New solar loan terms including a 25-year 2.99% APR, 20-year 1.49% APR, 15-year 1.49% APR, and 10-year 0.99% APR*;

• More flexible credit criteria and funding requirements; and

• Same-day approvals and project funding

Dividend’s New Partner Portal
With solar and home improvement in one portal, Dividend is making it easier than ever for contractors to provide a fast and informative sales experience to their customers. Dividend’s new portal offers a faster credit application process, the ability for users to update and resend documents,

On September 30, 2020, Kroll Bond Rating Agency (KBRA) assigned a long-term rating of AA with a Stable Outlook to the Narragansett Bay Commission Bucklin Point Resiliency Improvements Project WIFIA Loan. At the same time, KBRA affirmed the long-term rating of AA with a Stable Outlook on the Combined Sewer Overflow (CSO) Phase III Facilities WIFIA Loan.

Click here to view the report. To access ratings and relevant documents, click here.

Disclosures

Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above.

A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies)

On Saturday, Housing Minister Michael Sukkar announced an additional 10,000 First Home Loan Deposit Scheme places, and raised the cap in Victoria from $600,000 to $850,000.

But the extra 10,000 places nationwide are reserved for those buying off the plan, or a newly built home.

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The scheme allows first-home buyers to purchase a home on a deposit as low as 5 per cent without paying lenders’ mortgage insurance, as the government goes guarantor on their loan.

Building industry groups have lauded the move, but warned the state’s new home industry will need further support — urging for

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From an emergency to a big-ticket purchase, personal loans can provide the funding you need.

Credit card offers pop up in your mailbox all the time — but while they can be an easy way to get quick cash, a personal loan may be a better option if you’re in need of a large amount (after all, there is such thing as a credit limit).

Personal loans can provide lower interest rates, quicker financing, shorter repayment options, and access to higher loan amounts than credit cards and other types of loans. Plus, personal loans offer lots of flexibility by putting borrowers in charge of how to use the lump sum.

To keep your personal finance in good shape, find out loan rates you qualify for using Credible. Credible can help you find an online lender with the best deals so you can save money.

5 things you should use

Ongoing sewer improvements in Cleveland, Tennessee, got a $10.8 million boost this week from a state loan.

Tennessee Gov. Bill Lee and Tennessee Department of Environment and Conservation Commissioner David Salyers announced the loan this past week. It comes from the Clean Water State Revolving Fund Loan Program and is aimed at infiltration and inflow corrections within Cleveland’s sewer collection system, officials said.

The loan has a 20-year term at 0.73% interest. Greg Clark, Cleveland Utilities’ manager of wastewater collections, said that rate was less than half the rate the city got on another $10 million program loan in 2018.

“Typically what we’ve done is, we get a $10 million loan and inside of that we’ll typically perform three rehabilitation projects with that money,” Clark said Thursday. “Each year we’ll bid a contract somewhere in the vicinity of $3 million to $3.5 million, just depending on how the work plays

In 2015, Melany Anderson’s 6-year-old daughter came home from a play date and asked her mother a heartbreaking question: Why did all her friends have their own bedrooms?

Anderson, 41, a pharmaceutical benefits consultant, was recently divorced, living with her parents in West Orange, New Jersey, and sharing a room with her daughter. She longed to buy a home, but the divorce had emptied her bank account and wrecked her credit. She was working hard to improve her financial profile, but she couldn’t imagine submitting herself to the scrutiny of a mortgage broker.

“I found the idea of going to a bank completely intimidating and impossible,” she said. “I was a divorced woman and a Black woman. And also being a contractor — I know it’s frowned upon, because it’s looked at as unstable. There were so many negatives against me.”

Then, last year, Anderson was checking her credit score