Home equity lines of credit are much less common today than a decade ago, with only 4% of Americans getting cash with their homes as collateral.
The number of home equity lines of credit, or Helocs, has been cut in half since the financial crisis, according to Bloomberg. It's taken away a big chunk of revenue for banks. Americans have grown wary of the loans after 2008. Today, there are easier ways to access credit that consumers often prefer. Read more on Business Insider.
The number of home equity lines of credit, or Helocs, has been cut in half since the financial crisis, according to Bloomberg. It's taken away a big chunk of revenue for banks. Americans have grown wary of the loans after 2008. Today, there are easier ways to access credit that consumers often prefer. Read more on Business Insider.
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