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Borrowers are eager to tap into home equity — how can lenders meet the demand?

Home prices are steady, if relatively high in terms of historical home prices, and homeowners are staying in their homes longer than ever before. The result? American homeowners currently have more tappable home equity than ever — a net $30 trillion in home equity that can be tapped right now, according to HousingWire lead analyst Logan Mohtashami.

“That’s bigger than the total GDP of China,” Mohtashami said. “There’s more tappable equity here than any other time in history, maybe.”

This increase in home equity means more borrowers are interested in tapping into that equity, resulting in growth in the details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com