The growth in home equity lines of credit over the last two decades has occurred in part because of the tax deductibility of the interest payments.

Question

Quizplus · Accepted Answer

The tax deductibility of the interest payments on home equity lines of credit has indeed contributed to their growth over the past 20 years. This tax benefit has made HELOCs a more attractive borrowing option for homeowners.

The Growth in Home Equity Lines of Credit Over the Last