Published on December 02, 2021
Written by The Servion Group
If short- and long-term interest rates rise – and they have slowly crept up so far this fall – home equity loan rates could become attractive when compared to mortgage refinancing. As such, homeowners might be more inclined to do a HELOC than a refinance. So if you have a strategy for HELOCs, you could benefit.
Here are a few HELOC-related points of interest to consider:
Overall, offering HELOCs could help your credit union or community bank gain more business over the coming year, particularly if short- and long-term rates rise.
While Servion Mortgage does not offer home equity loans, our sister company, Servion Title, does offer home equity title solutions including recording, O&E reports, and more. You can order home equity title through Servion in all 50 states. See the home equity page of our website for more information.