Quick Notes: HELOC Uptick Expected

800,000 homeowners have a new incentive to spend on home improvement 

November 12, 2018

Over the next 12 months, 800,000 HELOC borrowers will hit their end-of-draw. In other words, over the next year, 800,000 homeowners will either have to spend their HELOC or lose access to it altogether. And with the new rules regarding tax deductibility, there is an incentive for those people to spend that money on home improvement or repairs. 

About the Author

About the Author

James McClister is managing editor for Professional Remodeler.

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