General World News

The HELOC dam is opening. Are you ready?

U.S. homeowners today are armed with a record amount of home equity ???? nearly $32 trillion, according to the latest data from the St. Louis Federal Reserve. Many of these homeowners are locked into historically low interest rates post-pandemic, which means they are unlikely to refinance. Indeed, amid the current high interest rates, they are looking to retain their low rates by staying put in their homes for longer than planned. 

This offers originators a unique opportunity to step in and offer financing options — home equity loans and home equity lines of credit (HELOCs) — for homeowners looking details ⇒

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