Home equity line of credit

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Quarter of homeowners can’t define a HELOC

Jul 16, 2019By

Nearly half of homeowners say they have plans to renovate their home in the next two years, and a third of those intend to drop $50,000 to do it. This is according to a recent survey from TD Bank, which highlights a major opportunity for lenders: A sizable number of homeowners can’t define a HELOC.

3d rendering of a row of luxury townhouses along a street

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