Home Equity Lines of Credit: Market Trends and Consumer ...

Consumers borrowed against their home equity to consolidate debt, finance home renovations, fund vacations and purchase big-ticket items such as cars, rental properties, cottages and financial assets (e.g., securities), using leveraged investment strategies (see Figure 2).3 Figure 2: HELOC uses 1999-2010 Consumption and home renovation 40% ................
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