A Latest intelligence report published by AMA Research with title “Home Equity Loan Market Outlook to 2026. A detailed study accumulated to offer Latest insights about acute features of the Global Home Equity Loan Market. This report provides a detailed overview of key factors in the Home Equity Loan Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors including economic slowdown, local & global reforms and COVID-19 Impact has been conducted to determine future growth prospects in the global market.
Major Players in This Report Include,
Bank of America Corporation (United States) ,Citibank (United States),Truist Financial Corp. (United States),Reali Loans (United States),U.S. Bank (United States),Flagstar Bank (United States),Guaranteed Rate IL (United States),PNC Bank (United States),Discover Financial Services (United States),Pentagon Federal Credit Union (United States)
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Home Equity Loan is basically a second mortgage against an individualâ€™s residential property. This allows individual homeowners to borrow capital against the equity of residential property which can be called collateral in this case. The amount of loan to be sanctioned under this scheme is derived from the equity value of the home as set by banks or credit unions. This type of loan, specifically, HELOCs was quite popular from 2004 to 2007 till the mortgage financial crisis. Following this, recently the home equity loan market started gaining popularity, with consumers being more conservative this time around and preferring the fixed-rate loans segment. Such Home Equity Loans are widely used for home restoration, educational expenses like tuition fees or medical expenses, and other personal financial requirements. Geographically, North America is the most dominant market the Home Equity Loans, which is expected to remain so.
Local Credit Unions are Highly Preferred during Home Equity Loans due to Lower Interest Rates than Banks
Fixed-Rate Loans are widely preferred since the 2007 Mortgage Crisis
Home Price Appreciation
Large Scale Penetration of Home Loan Market
Consumer Lifestyle and Behavioural Changes
Lower Margins for the Lenders
Irregularities in Interest Rates with Home Equity Loans compared to Mortgage and Home Loans
Volatility in Equity
Asia Pacific Market has been Less Explored in Terms of Home Equity Loan Market Expansion
Launching Innovative Products in order to Get Competitive Edge over a Large Number of Small and Big Competitors
The Global Home Equity Loan Market segments and Market Data Break Down are illuminated below:
by Type (Fixed-Rate Loan, Home Equity Lines of Credit (HELOCs)), Application (Medical Expenses, Educational Expenses, Home Restoration, Debt Consolidation, Others), Sales Channels (Banks, Local Credit Unions, Housing Finance Companies, Online Platforms, Others), Loan Slab (Self-Occupied Residential Property, Non-Self-Occupied Residential Property)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
Strategic Points Covered in Table of Content of Global Home Equity Loan Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Home Equity Loan market
Chapter 2: Exclusive Summary – the basic information of the Home Equity Loan Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Home Equity Loan
Chapter 4: Presenting the Home Equity Loan Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying market size by Type, End User and Region 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Home Equity Loan market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Home Equity Loan Market is a valuable source of guidance for individuals and companies in decision framework.
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Key questions answered
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