5 Times a Home Equity Loan Makes Sense

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

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Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India



a tall building in a city: Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India


© Vandana Ramnani
Home sales in Q3 2020 rise 2.5 times, launches surge 4.5 times: Knight Frank India

Despite the COVID-19 pandemic, home sales volume jumped by 2.5 times to 33,403 units in the third quarter of 2020 compared to 9,632 in the second quarter of 2020. New residential unit launches increased by 4.5 times to 31,106 units in third quarter, compared to 5,584 units in the previous quarter, a Knight Frank India report has said.

Sales saw an uptick in the third quarter of 2020 over the preceding quarter on account of innovative schemes offered by real estate developers. These included financial benefits, discounts and easy payment options to attract buyers during the period of lockdown. Developers were also able to garner buyer interest through active usage of digital platforms during this period to engage with customers.

Lower home loan interest rate also supported pick-up in residential sales. The

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6 Times You Should Not DIY a Home Improvement Project

HGTV makes everyone feel as if they’re only a couple of power tools away from being home renovation masters. But don’t be fooled. There’s a reason building and construction trades are considered skilled jobs.



a woman wearing a blue dress


© Africa Studio / Shutterstock.com


Tackling a home renovation project requires more than an eye for design and the ability to match colors. You also need to understand how the various parts of a structure fit together, and you may even have to (gasp) do some math.

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What’s more, a home improvement project done wrong can be expensive to fix, or even dangerous. Before you end up with a DIY disaster, here are six times when you should probably call in a pro.

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1. You don’t understand what you’re doing

Yes, this seems so obvious, doesn’t it? And

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UK mortgage approvals hit 13-year high, as firms warn of tough times – business live | Business

A Greggs bakers store in Cardiff, south Wales, at the start of the lockdown

A Greggs bakers store in Cardiff, south Wales, at the start of the lockdown Photograph: Geoff Caddick/AFP via Getty Images

Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.

A swathe of UK companies are reporting today that Covid-19 continues to hurt their businesses, more than six months after the UK first imposed restrictions to battle the pandemic.

High street baker Greggs has warned that staff faced reduced hours, and potentially job cuts, as it tries to cut its employment costs.

Greggs, famous for its steak bakes, sausage rolls and new vegan offerings, reports that like-for-like sales in September are only 76.1% of the 2019 levels (an improvement on a ‘slow’ August).

With the government’s furlough scheme wrapping up in a month (replaced by a less generous wage subsidy package), Greggs says it must make cuts:


With business activity levels

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Accurate Group Helps Credit Unions Grow Real Estate Lending Business through Faster Loan Cycle Times, Lower Costs and Innovative Technology

CLEVELAND–(BUSINESS WIRE)–Accurate Group, a leading provider of technology-driven real estate appraisal, title data, analytics and e-closing solutions, today announced the launch of a bundled solution designed to help credit unions accelerate growth and improve efficiency in real estate lending.

Accurate Group provides the digital framework and modernized appraisal, title and closing processes lenders need to remain competitive in today’s real estate lending environment. The COVID-19 pandemic is posing challenges for real estate lenders – giving credit unions a window of opportunity to seize market share from less nimble competitors by investing in innovation and automation.

Property appraisal, title and closing processes are ripe for automation and technology advancement. By creating a one-stop, bundled solution that addresses these areas with proven, market-leading technology and services, Accurate Group is helping credit unions achieve significant gains in efficiency, turn time improvement and member satisfaction. The bundled solution includes appraisal, title and

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ACT Labor commits to $33 million school renovation program | The Canberra Times

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ACT Labor has promised to invest in schools in southern Canberra if re-elected. The pledge includes a $33 million spend to replace temporary classrooms and upgrade old buildings at Narrabundah College. Education Minister Yvette Berry said work was under way for a new primary school and high school in the Molonglo Valley. She said if re-elected Labor would begin consulting and planning for new and upgraded schools in the Woden Valley. “With Woden’s population growing, ACT Labor will ensure that new families moving to Woden will have access to great local public schools,” Ms Berry said. Chief Minister Andrew Barr said building and upgrading schools would lead to the employment of 400 more teachers over the next four years. “Our city is facing a huge economic challenge, and creating jobs is our number one priority,” he said. “We have a comprehensive plan to grow our employment base from

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