Remove home-equity-loans home-equity-loans-rates
article thumbnail

Customers and Banks Priorities Collide as AI Jolts Financial Industry

Smart Data Collective

According to Home Equity Wiz , there are a number of variables that come into play. A borrower will need to prove that they have had a steady income for approximately two years in order to secure a home equity loan or HELOC. Equity Amount. AI tools also look at equity value.

article thumbnail

AI Can Improve Financing Access and Equitability to Disadvantaged Socioeconomic Groups

Smart Data Collective

It can help people of all genders and races have access to home equity lines of credit. Policy Map published heat maps detailing the rate that loan applications were denied in both predominantly white and black neighborhoods. In the vast majority of black neighborhoods, over 21% of all loan applications were denied.

article thumbnail

‘Aging in Place, or Stuck in Place?’

Hacker News

Homeownership is not the boon to older Americans that it once was.

158
158