Are Helocs (Home Equity Lines of Credit) and debt consolidation still relevant to originators in today's market? That is the topic in this month's Retention Rockstars™.
At MonitorBase, we see a lot of that activity. Specifically, a lot of home equity line of credit or second mortgage activity.
So even in this market, it is important for originators to understand when HELOCs or cash-out options are suitable for their consumers based on their specific needs and circumstances as many consumers now have a significant amount of equity in many homes, which consumers want to tap into for various reasons and how you can best help and guide them.
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