Higher Interest Rates Spur Interest in HELOCs

April 3, 2017 brianhonea

Whether they’re considering taking out a home equity line of credit (HELOC) or already in the process, nearly half of homeowners say interest rates are the most influential factor to consider. Almost half of borrowers listed interest rates as the most influential factor when deciding on a HELOC, which is over twice the second most influential factor: loan amount. Additionally, 36 percent of borrowers list the lower interest rates as the most valuable aspect of a HELOC compared to other options.

The post Higher Interest Rates Spur Interest in HELOCs appeared first on theMReport.com.

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