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Share Name | Share Symbol | Market | Type |
---|---|---|---|
KeyCorp | NYSE:KEY | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.0401 | 0.26% | 15.3701 | 15.48 | 15.33 | 15.46 | 6,225,581 | 01:00:00 |
CLEVELAND, April 15, 2016 /PRNewswire/ -- Steadily improving home values means homeowners are increasingly comfortable tapping their home equity to establish home equity lines of credit (HELOCs) to create new cash flow.
CoreLogic Inc. data show significant increases in HELOCs offered by lenders, with more than $156 billion in credit being extended via HELOCs. Loan volume, while strong, doesn't measure up to the level of activity and borrower enthusiasm for HELOCs that peaked in 2006, just before the Great Recession. But industry data show HELOC lending is up 24 percent from 2014 and more than 200 percent from 2010, when home equity borrowing hit its lowest point.
KeyBank shares the following tips for homeowners seeking HELOC how-tos so they can make confident financial decisions about using their homes' value to generate cash:
Assuming home values continue to improve, HELOCs can be an efficient way to manage money and make the most of your home's value.
This material is presented for informational purposes only and should not be construed as individual tax or financial advice. Please consult with legal, tax and/or financial advisors. KeyBank does not provide legal advice.
About KeyCorp
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $95 billion.
KeyCorp provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit key.com. or follow us on Facebook or Twitter (@KeyBank). KeyBank is Member FDIC.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/finding-extra-cash-in-your-home-via-home-equity-lines-of-credit-300251976.html
SOURCE KeyCorp
Copyright 2016 PR Newswire
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