22. Home equity loans are: (LO 7-4) a. Used only for repairs and upgrades on your primary...

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22. Home equity loans are: (LO 7-4)

a. Used only for repairs and upgrades on your primary residence.

b. Secured by a second mortgage against your home.

c. Only for people who own their homes outright and no longer have a mortgage.

d. Rare and most banks do not like making them.

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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Question Posted: Jul 26, 2024 04:02 AM

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22. Home equity loans are: (LO 7-4) a. Used only for repairs and upgrades on your primary...

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Personal Finance Building Your Future

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