Inside the a survey surrounding more 800 residents just who currently hold a home Equity Personal line of credit (HELOC), TD Lender discovered that a lot of them are often unaware regarding the just how its line of credit functions.

For starters, they won’t understand the HELOC reset day… if you don’t what a reset day is actually, even. Almost you to-third of individuals that open HELOCs admit they are unaware of the draw months conclusion big date, hence count rises one of ladies and you may Baby boomers (42%). Read More >