After a decade of home price growth, many homeowners today are sitting on a mountain of equity. Tappable equity hit a record high in Q2 of this year, when 48 million mortgage holders reportedly had an average of $213,000 in accessible value. 

That growing equity has translated into a renewed interest in home equity (HE) products over the years. Homeowners are still largely leveraging these products to fund home renovations, but debt consolidation is a growing factor – surging from 25% in 2022 to 39% in 2024, according to the MBA’s Home Equity Lending Study. 

However, it’s not details ⇒

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