HELOC's have been an increasingly popular loan solution for homeowners in recent years. About 49% of HELOC users have a borrowing limit higher than $75000. At the same time, 49% of borrowers use their line of credit for renovations, and 22% for debt consolidation. While HELOC's are great for emergencies or sho
rt term loans, users need to ensure they know the risks, terms and conditions of how it works to ensure they do not incur unnecessary debt. #appraisers #appraisalsconsultinggroup #tacg #appraisals #mortgages #housingmarket