HELOC 2016 Summary Three-in-ten homeowners have received a Home Equity Line of Credit since 2014 - nearly 40% of Millennial homeowners. Over one-quarter do not know when the HELOC Draw Period ends, higher among Females and those 55+. Similarly, 43% are not clear what will happen to their monthly payment when the Draw Period comes to an end (another 38% feel their payment will decline). Home renovations and debt consolidation are the most popular uses for a HELOC. Males and Millennials have more uses for a HELOC than their counterparts. Refinancing is in store for 26% of HELOC owners when the Draw Period ends, 69% plan to approach their current lender. Time of HELOC Origination Male Female 18-34 35-54 55+ Footprint 27% 31% 38% 26% 20% 28% 24% 33% 14% 22% 19% 15% 16% 18% 5% 21% 13% 3% 11% 2014-2016 2011-2013 2009-2010 Before 2005 2005-2008 End of Draw Period Male Female 18-34 35-54 55+ Footprint 25% 19% 29% 24% 12% 18% 23% 14% 22% 11% 21% 17% 15% 16% 10% 35% 42% 28% Within in the next year Within the next 2 years Within the next 5 years Within the next 10 years I don't know Anticipated Impact of Draw Period Expiration on Payment Male Female 18-34 35-54 55+ Footprint 22% 19% 29% 21% 12% 18% 15% 26% 9% 14% 16% 6% 8% 13% 11% 4% 35% 53% 25% 38% 67% 46% Reduce payment significantly ($100/month or more) Reduce payment slightly (less than $100/month) Increase payment slightly (less than $100/month) Significantly increase payment ($100/month or more) I don't know impact on monthly payment Credit Limit of HELOC Male Female 18-34 35-54 55+ Footprint 6% 5% 4% 7% 9% 8% 18% 20% 17% 12% 14% 19% 24% 21% 11% 25% 16% More than $200,000 $150,000 - $199,000 $100,000 - $149,000 $75,000 - $99,000 $50,000 - $74,000 $25,000 - $49,000 Less than $25,000 36% ABOUT THE SURVEY | Conducted among a nationally representative sample of Home Owners who currently have a Home Equity Line of Credit. The online fieldwork was conducted between August 29th and September 5th 2016. In total, 812 completes were gathered. Data has been weighted by age, gender, and region to reflect the population. Margin of Error on the sample is +/-3.6%.

HELOC 2016 69% plan to refinance with current lender Specific Uses of HELOC Male Female 18-34 35-54 55+ Footprint 36% 41% 35% 38% 42% 26% 22% 24% 25% 21% 11% 28% 17% 13% 20% 16% 19% 18% 8% 12% 5% 10% 6% 14% 9% 7% 2% 4% 15% Renovate a home Debt Consolidation Purchase a new vehicle In case of an emergency Investments Education expenses Medical Bills and Expenses Travel/Vacations Down payment on a second home Retirement income I haven't used the loan yet Plan Once Draw Period Ends Male Female 18-34 35-54 55+ Footprint 18% 21% 28% 17% 11% 19% 31% 33% 32% 30% 22% 16% 8% 13% 7% 5% 6% 10% 4% 3% 2% 1% 20% 39% 26% Repay-make higher monthly payments Pay off and close the HELOC Refinance (NET) -Into another HELOC -Refinance mortgage and roll the HELOC into it -Into a Fixed Rate Home Equity Loan -Into another product I don't know; no plan 69% plan to refinance with current lender 71% 64% 72% 69% 65% 40% of those with no plan would like guidance and advice on how to handle HELOC expiration from current lender 45% 34% 30% 63% 31% 48% Specific Uses of New HELOC (Those Refinancing) Male Female 18-34 35-54 55+ Footprint 37% 30% 29% 36% 46% 48% 27% 31% 26% 24% 28% 20% 39% 10% 23% 11% 9% 15% 22% 18% 25% 14% 16% 19% 13% 8% 3% 21%  0% 12% In case of an emergency Renovate a home Travel/Vacations Education Expenses Purchase a new vehicle Retirement income Debt Consolidation Investments Down payment on a second home Medical Bills and Expenses Survey was conducted by MARU | VCR&C. MARU/VCR&C, formerly the Research & Consulting division of Vision Critical, is a professional services firm dedicated to improving its clients' business outcomes. It delivers its services through teams of sector-specific research consultants, specializing in the use of Insight Community and Voice of Market technology.