The greatest usage responses both for bucks-out refinances and you will HELOCs was indeed away from younger homeowners and the ones that have high financing-to-value rates Such homeowners are probably getting credit-constrained and get lower income Per cent out of full house worth extracted for the first 12 months: 6% Per cent regarding security extracted spent for the first year: 47% 3% of domestic equity invested inside the first year. These types of homeowners are probably is credit-constrained and just have low income Percent away from total domestic worthy of extracted for the first 12 months: 15% % away from equity removed invested during the first year: 33% 5% away from domestic guarantee invested when you look at the first 12 months.