More Americans Considering Home Equity Loans in 2023, According to MeridianLink® Survey
This report analyzes data from a survey conducted by MeridianLink® of more than 1,000 American adults. Respondents were asked if they took out a home equity loan in the past 12 months, if they were likely to take out a home equity loan in the next 12 months, and to rate their understanding of how home equity loans work.
Key findings include:
- Only 8% of respondents reported taking out a home equity loan in 2022, while 21% say they’re likely to take out a home equity loan in the next 12 months
- Slightly more than half of respondents (52%) reported a strong understanding of how home equity loans work
Download our report now to gain additional insight into the survey results and discover how you can capitalize on the home equity market, meet consumer demand, and maintain a competitive advantage.