The largest usage answers for cash-out refinances and you may HELOCs was basically out of young home owners and people which have higher loan-to-really worth ratios These types of homeowners are probably to-be borrowing from the bank-constrained as well as have lower income Percent 20000 dollar loan of full family worthy of extracted in the first year: 6% Per cent of guarantee extracted invested into the first year: 47% 3% of house guarantee invested when you look at the first