Recently, Mortgage Professional America featured Spring EQ's launching of new products and guidelines with this to say:
"Fast-growing lender Spring EQ has launched an array of home equity product updates and revamped guidelines—for investment properties, second homes, bridge loans and more—amid record levels of home equity..."
These new features and products are happening "as homeowners seek to leverage funds toward improving their homes, financing education and consolidating debt."
At the same time Spring EQ is making it easier for more homeowners to access up to 97.5% of their home's equity, home values are hitting all time highs.
In fact, CNBC reported that "the average mortgage holder has a record $185,000 in equity" and that "for many Americans, that means they can borrow more against what is often their biggest asset."
With record amounts of home equity available, and interest rates on the move, the focus at Spring EQ remains offering more ways for homeowners to "reach their financial goals and meet their expanding home equity needs in 2022."
Homeowners interested in exploring the HELOC and home equity loan opportunities of Spring EQ can take a few moments to start the conversation—with no obligation or effect to their credit score.
The average mortgage holder has a record $185,000 in e