Home equity lines of credit rose 18% in 1Q 2018

Bobby and Lindsey
Published on July 3, 2018

Home equity lines of credit rose 18% in 1Q 2018

Analysts thought tax reform would make home equity lines of credit (HELOCs) less appealing since the interest is no longer tax deductible if it isn’t used for home remodeling – but rising home values convinced more owners to get a HELOC anyway.

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