Home Equity Credit Lines on the Rise in the United States

Home "Equity management is today's hottest opportunity," says Dave Savage of Mortgage Coach, a company specialized in counseling loan officers and mortgage brokers on how to match customers with the second mortgages that best fits them.".

One of the biggest drivers is the fact that there is more equity on homes than there has ever been." This means that if you have equity available in your home, now is a great time to cash in on this smart financial tool.

Gone are the days when a person’s greatest investment was their mortgage free home. There are so many mortgage products available to today’s consumer that our homes have become one of our most important financial tools. Not drawing on the equity in your home is wasting an opportunity to generate more equity and to utilize the financial security of a home equity line of credit.

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