Question
3) Which of the following statements is true concerning home equity loans?
A. Home equity loans are generally installment loans with a 5-15 year term.
B. Home equity loan interest is never tax-deductible.
C. Home equity loans are secured by all of the borrower’s assets.
D. Home equity loan proceeds are generally restricted as to purpose
Answers
d
Related Questions
Which of the following statements is true concerning home equity loans?
A. Home equity loans a...
What is home equity?
A. Home equity is the amount of interest paid on a mortgage during the lifetim...
I want to
build equity in my
home. Equity is the
market value of the
home minus the
amount of m...
In 2020, Niesha purchased her principal residence for $450,000. On January 15, 2023, when she owed $...