Why it’s time to rethink the appraisal default in home equity lending
Housing Wire
JUNE 23, 2025
With mortgage rates still hovering near multi-decade highs, homeowners are opting to hold onto their ultra-low first mortgages. Instead of refinancing, they’re tapping into their equity through home equity loans and HELOC s to finance renovations, cover tuition, or consolidate high-interest debt. Lenders are stepping up with a broader menu of second-lien products to meet this growing demand.
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