Today we are sharing performance data from the Prosper Portfolio for October 2019 Highlights from the report include: In October, 64% of originations were rated AA-B. The dollar‑weighted average FICO on the platform was 720, relatively flat month‑over-month. The weighted average income of borrowers on the platform in October was ~$106K, relatively flat month-over-month. The […]
There’s a lot to think about when you’re buying a house. You’ll want to consider what neighborhood you want to live in, what schools or businesses are nearby, what style home you want—and that’s not even touching on finances. Buying a home is probably the biggest purchase you’ll make in your lifetime, so it’s no […]
Leading Marketplace Lending Platform and Top 25 U.S. Bank Bring Together Strengths in Fintech and Digital Banking to Dramatically Improve the Home Equity Line of Credit (HELOC) Experience for Homeowners HELOC Platform Now Available to Customers in Alabama, Arizona, Florida and Texas via Prosper’s website and available soon to a select group of BBVA USA […]
Home equity lines of credit, or HELOCs, are a popular borrowing choice for homeowners–and the fixed-rate HELOC is no exception. While most HELOCs are variable-rate loans, the fixed-rate HELOC option is becoming more common.
A home equity line of credit, or HELOC, is a great option for many homeowners. You can use a HELOC to fund a home renovation, finance a large purchase, or consolidate debt. Like any type of loan, it’s important to know the pros and cons of a HELOC and figure out if it’s the best fit for your needs. We’ve answered some of the most common questions about home equity lines of credit here.
The Federal Reserve (Fed) lowered its benchmark interest rate by a quarter point in late July 2019 and again in September to a current range of 1.75 to 2 percent. This was headline news because these were the first cuts to the federal funds rate since the 2008-09 recession.
But is it news for your budget? Will you see a corresponding
drop in the interest rate you pay on your loans? That depends.