Giselle Abadi is the co-founder and CTO of Realtyna Inc. She’s a visionary technical leader with an intense passion for the innovation and design of intricate systems. Her unwavering persistence, paired with her motto “Continual Improvement,” has positioned Realtyna distinctively in the proptech market, offering the most comprehensive suite of tools and services for the real estate industry across various platforms and for all levels.
To better understand how common home improvement loans are, LendingTree analyzed the latest housing data to determine where the most home improvement loans are originated. Specifically, we looked at the number of first- and second-lien mortgages used to pay for home improvements for every 100,000 owner-occupied homes in each state. Here's what we found.
You can check out our full report here: https://www.lendingtree.com/home/mortgage/home-improvement-loans-study/
LendingTree's Senior Economist and report author, Jacob Channel, had this to say:
"Though they aren’t without drawbacks, home improvement loans can help qualified and responsible homeowners keep their homes in good shape and otherwise easy to live in. That said, homeowners shouldn’t rush to get a home improvement loan until they fully understand what they’re getting themselves into and are reasonably certain that they can pay back whatever they borrow.”
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