As the home equity market continues to heat up, Better Home & Finance Holding Co. announced on Wednesday that its home equity line of credit (HELOC) product has collectively helped customers pay off more than $193 million in debt.

Better said that its HELOC product has enabled nearly 50% of borrowers to consolidate debt —primarily high-interest revolving credit, personal loans and installment payments. This has resulted in an average monthly savings of $1,120 for those who achieved positive cash flow.

In a press release, the company said the most commonly paid-off debts included revolving credit (32%), installment loans (27%) and credit details ⇒

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