More millennials turn to their home’s equity

home equityREALTORMag

Older millennials are twice as likely as baby boomers to take out a home equity loan, according to a new survey commissioned by Discover Home Equity Loans of nearly 1,500 people.

Of the 64 percent of older millennials (ages 30 to 34) surveyed who own a home, 51 percent have used a home equity loan compared to 26 percent of baby boomer home owners, the survey revealed.

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