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The home equity lending market size is forecast to increase by USD 45.14 billion, at a CAGR of 4.6% between 2023 and 2028. While home prices soar, the allure of home equity loans is underscored by their benefits. Tax deductions for interest payments fuel market expansion, yet concerns about property loss and substantial closing costs linger. The growth trajectory encounters obstacles due to lengthy procedures, impeding accessibility. Despite escalating prices, home equity loans offer homeowners financial flexibility and potential tax advantages. However, apprehensions regarding property security and the financial burden of closing costs temper enthusiasm. Procedural complexities further hinder growth, necessitating streamlined processes to enhance accessibility. Amidst these challenges, the appeal of leveraging home equity remains strong, highlighting the need for transparent lending practices and efficient procedures to maximize the benefits for homeowners.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Source
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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