Since the start of the pandemic, home values have shown a decrease, leading to a decrease in tappable equity for homeowners. Although it has been an overall challenge for the home equity market, there remain various opportunities for aspiring lenders to transform into the space.
A recent report explores the daunting shift in the home equity market, as the value of homes have declined in various neighborhoods and regions across the United States. Despite the risks associated with lending during a period of decreased tappable equity, expert insights suggest that there are still many opportunities for home equity lenders. The report highlights the ways in which lenders can adapt their strategies to maximize borrower’s home equity while minimizing risks.
• Home value decreases: Home values have decreased overall since the start of the pandemic, leading to a decrease in tappable equity for homeowners.
• Opportunities for lenders: Despite the risks associated with lending during a period of decreased tappable equity, there remain various opportunities for aspiring lenders to transform into the home equity space.
• Risk reduction strategies: The report explores ways in which lenders can adapt their strategies to maximize borrower’s home equity while minimizing risks.
You can read this full article at: https://www.housingwire.com/articles/home-equity-lending-opportunities-remain-despite-decline-in-tappable-equity/(subscription required)
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