Financial institutions provide home equity loans up to a maximum of 70 percent of the value of the equity in a home.

Question

Question 31 options:

True

False

Answer 1

True

Financial institutions often provide home equity loans that allow borrowers to access a percentage of the equity in their home, and it's common for lenders to set that maximum at around 70 percent. However, the exact percentage can vary by lender and the borrower's financial situation.