Reported 2 months ago
The number of Americans utilizing home equity lines of credit (HELOC) has increased by about 20% since late 2021, largely for home improvements, which are seen as wise investments. Bankrate Analyst Jeff Ostrowski highlights that while home enhancements are a responsible use, spending on vacations or shopping sprees is discouraged. He advises homeowners to align the duration of their loans with the lifespan of their investments.
Source: YAHOO