Champion Mortgage Survey Indicates That Most Homeowners Have Never Considered Home Equity Products - 2004-07-14
Potential for more growth in the home equity market remains healthy. In a survey released today by Champion Mortgage(R), 58 percent of homeowners said that they have never had a
home equity loan or credit line -- and have never considered applying for one.
In addition, 56 percent of the homeowners surveyed nationwide stated that they would not consider using the equity in their homes to consolidate high levels of debt.
Read the full story at PR Newswire