In past years, lenders haven't always received the best news when surveying the home equity market. This year, when asked if they wanted the good news or bad news first, financial institutions were pleasantly surprised when choosing good news – home equity demand is on the rise.
The demand for loans has increased significantly over the last few years, from a low of 19% in 2015 to 21% just last year. In fact, according to the research study from Raddon, 28% of consumers in the market today anticipate taking out a loan in the next 12 months.
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