"Everyone needs to take a deep breath because the risks of home equity lines resetting are manageable," said Ezra Becker, a vice president of research and consulting at TransUnion.

'Payment Shock' on HELOCs May Be Overblown: TransUnion

Though some borrowers will suffer from payment shock when home equity lines reach their end-of-draw-period after 10 years, the risks are isolated. Fewer than 20% of home equity lines have an elevated risk of default in the next few years, TransUnion found.

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