Reported 2 months ago
The number of Americans leveraging home equity lines of credit has surged by 20% since 2021. Bankrate Analyst Jeff Ostrowski discusses how homeowners can access home equity, primarily through home equity loans and lines of credit, as traditional cash-out refinancing has become less common. He highlights the benefits of home equity lines over credit cards due to lower interest rates, though notes the variability in rates as a potential drawback.
Source: YAHOO