Q&A with Splitero CEO Michael Gifford: An Insider’s Take on the Booming Home Equity Market
Cash-strapped Americans are increasingly turning to home equity lines of credit (HELOCs) to finance their lives. In 2022, HELOC activity hit a 15-year-high. Activity for HELOCs has since cooled slightly from its 2022 peak, while remaining strong. A HELOC allows you to borrow funds against the equity in your home. Inflation and wage stagnation combine to create economic stressors for many Americans, and HELOCs provide a way for consumers to boost their purchasing power while... read more »