Home equity lenders broaden the base with new HELOC and loan products
After a long hibernation, home equity lending is back in a big way.
Home equity loans and home equity lines of credit (HELOCs) are suddenly hot among people seeking five- and six-figure financing. In response, lenders have begun catering to new types of borrowers by letting business owners and property investors tap their home ownership stakes. They’re also getting creative with product features, such as draw periods, and even loosening criteria, like credit scores.
“Across the board... Читать дальше...