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Home equity loans set to soar along with home prices

About 10 million homeowners are expected to take out home equity lines of credit in the next four years, according to a new report from TransUnion.

Lenders are hoping to make up some of the business they’ve recently lost in the refinance market.

Ever since the epic housing crash of the last decade, homeowners have been incredibly conservative with their housing debt. Home prices rose, at first slowly and now quite dramatically, yet owners held back on taking out all that new-found equity. That is about to change — by a lot.

About 10 million homeowners are expected to take out home equity lines of credit in the next four years, according to a new report from TransUnion.

Read Article at CNBC.com

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