Home equity isn’t just a number on a balance sheet; it’s a tool that can empower homeowners and drive strategic growth. HousingWire’s Allison LaForgia sits down with Joe Steffa, CEO of Spring EQ, to explore the company’s vision and how it’s helping borrowers access their equity safely and strategically. Steffa breaks down the factors driving the surge in home equity in a safe and strategic manner. He delves into the factors driving the surge in home equity utilization and what lenders and borrowers need to know to succeed.
This conversation delves into common misconceptions about home equity loans and HELOCs, Spring EQ’s roadmap for the coming years, and practical advice for homeowners considering tapping into their equity. Steffa also provides insight into what lenders can expect in the evolving second mortgage landscape and the opportunities it presents for the market.
