Home equity is growing, but homeowners refuse to tap into it



With home prices continuing to rise, homeowners are becoming increasingly “equity rich”. But that hasn’t tempted many to take advantage of the situation, as the number of home equity lines of credit stays flat.

HELOC borrowers could soon find their payments increase



Homeowners who have home equity lines of credit, called HELOCs, could be in for a nasty shock when their monthly payments increase suddenly.

Five million homeowners could benefit from refinancing



Although interest rates have been at record lows for the last several years, a vast number of borrowers are yet to take action by refinancing their mortgages to enjoy cheaper monthly rates, CNBC News reports.

Impending HELOC rates reset causes concern



Millions of home equity lines of credit that were popular between 2005 and 2008 are scheduled to reset to higher interest rates soon, which could put many borrowers at risk.

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