How homeowners are using equity loans

Home equity lines of credit have hit a nine-year high. Real estate analytics firm Attom Data Solutions found that 347,875 new home equity lines of credit were taken out in the first quarter of 2018. That's an 18 percent increase from the final quarter of 2017, and 14 percent increase from the same time last year, The Chicago Tribune reports. Since the recession, home equity loans have taken on a new purpose. “Putting home equity to work is the name of the game in the 2018 housing market –…Original Article