About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Homeowners Hold on Average $17.6 Trillion in Home Equity
June 9, 2025
ICE Mortgage Technology’s June 2025 Mortgage Monitor reveals that homeowners now hold a record
$17.6 trillion in home equity, with $11.5 trillion classified as tappable —
available for borrowing while maintaining at least 20% equity. As HELOC (home equity line of
credit) rates fall, demand is rising sharply: second-lien equity withdrawals jumped
22% year-over-year to nearly $25 billion in Q1 2025, the highest
first-quarter volume since 2008.
Lower borrowing costs and increased homeowner equity are fueling this surge. The average HELOC
rate dropped with further declines expected if the Federal Reserve cuts rates.
Key highlights:
- 48 million homeowners have tappable equity, averaging $212K each.
- The average mortgaged home is only 45% leveraged, indicating room for more equity access.
- 25% of homeowners are considering a HELOC or home equity loan in the next year.
Homeownership continues to build equity over time, giving homeowners the funds needed to pay
down credit card bills, pay for college, and complete home renovations.
