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Thirty Percent of Homeowners Are Unable to Correctly Identify A HELOC. Here's Why Awareness Matters

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Thirty percent of homeowners who bought a house in the last ten years were unable to correctly identify a home equity line of credit, according to a TD Bank survey. Thirty-four percent also couldn't define what a home equity loan is. This is concerning because, according to the survey, 74% plan to stay in their current home over the next two years, and 58% say their current interest rate is influencing tha ...