NJ New Jersey, USA -- (SBWIRE) -- 12/06/2022 -- Latest added Home Equity Loan Market research study by AMA Research offers detailed outlook and elaborates market review till 2027. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Bank of America Corporation (United States), Citibank (United States), Truist Financial Corp. (United States), Reali Loans (United States), U.S. Bank (United States), Flagstar Bank (United States), Guaranteed Rate IL (United States), PNC Bank (United States), Discover Financial Services (United States), Pentagon Federal Credit Union (United States) etc.
The study explored is a perfect mix of qualitative and quantitative Market data collected and validated majorly through primary data and secondary sources.
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Home Equity Loan Market Definition:
Home Equity Loan is basically a second mortgage against an individual's residential property. This allows individual homeowners to borrow capital against the equity of residential property which can be called collateral in this case. The amount of loan to be sanctioned under this scheme is derived from the equity value of the home as set by banks or credit unions. This type of loan, specifically, HELOCs was quite popular from 2004 to 2007 till the mortgage financial crisis. Following this, recently the home equity loan market started gaining popularity, with consumers being more conservative this time around and preferring the fixed-rate loans segment. Such Home Equity Loans are widely used for home restoration, educational expenses like tuition fees or medical expenses, and other personal financial requirements. Geographically, North America is the most dominant market the Home Equity Loans, which is expected to remain so.
In 2020, Pentagon Federal Credit Union, one of the largest credit unions in North America have announced merger plans with Sperry Associates Federal Credit Union. The members of the Sperry voted in favor of the merger. And with the completion of the merger, both the credit unions are expected to strengthen their product portfolio and market reach.
US Congress has sanctioned the Home Equity Loans Consumer Protection Act (HELCPA) which regulates the Disclosure and Advertising of Home Equity Loans
The latest edition of this report you will be entitled to receive additional chapter / commentary on latest scenario, economic slowdown and COVID-19 impact on overall industry. Further it will also provide qualitative information about when industry could come back on track and what possible measures industry players are taking to deal with current situation. Each of the segment analysis table for forecast period also high % impact on growth.
This research is categorized differently considering the various aspects of this market. It also evaluates the upcoming situation by considering project pipelines of company, long term agreements to derive growth estimates. The forecast is analyzed based on the volume and revenue of this market. The tools used for analyzing the Global Home Equity Loan Market research report include SWOT analysis.
Market Growth Drivers:
- Consumer Lifestyle and Behavioural Changes
- Home Price Appreciation
- Large Scale Penetration of Home Loan Market
Influencing Trend:
- Fixed-Rate Loans are widely preferred since the 2007 Mortgage Crisis
- Local Credit Unions are Highly Preferred during Home Equity Loans due to Lower Interest Rates than Banks
Challenges:
- Lower Margins for the Lenders
Opportunities:
- Asia Pacific Market has been Less Explored in Terms of Home Equity Loan Market Expansion
- Launching Innovative Products in order to Get Competitive Edge over a Large Number of Small and Big Competitors
The Global Home Equity Loan segments and Market Data Break Down are illuminated below:
by Type (Fixed-Rate Loan, Home Equity Lines of Credit (HELOCs)), Application (Medical Expenses, Educational Expenses, Home Restoration, Debt Consolidation, Others), Sales Channels (Banks, Local Credit Unions, Housing Finance Companies, Online Platforms, Others), Loan Slab (Self-Occupied Residential Property, Non-Self-Occupied Residential Property)
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The regional analysis of Global Home Equity Loan Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Whereas, owing to rising no. of research activities in countries such as China, India, and Japan, Asia Pacific region is also expected to exhibit higher growth rate the forecast period 2021-2027.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Strategic Points Covered in Table of Content of Global Home Equity Loan Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Home Equity Loan market
Chapter 2: Exclusive Summary – the basic information of the Home Equity Loan Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Home Equity Loan
Chapter 4: Presenting the Home Equity Loan Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2015-2020
Chapter 6: Evaluating the leading manufacturers of the Home Equity Loan market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2021-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Home Equity Loan Market is a valuable source of guidance for individuals and companies.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Home Equity Loan market?
- What are the key concerns of the five forces analysis of the Global Home Equity Loan market?
- What are different prospects and threats faced by the dealers in the Global Home Equity Loan market?
- What are the strengths and weaknesses of the key vendors?
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article, we can also provide customized report as per company's specific needs. You can also get separate chapter wise or region wise report versions including North America, Europe or Asia.