Which of the following statements is true concerning home equity loans? (a) Home equity loan proceeds are
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Which of the following statements is true concerning home equity loans?
(a) Home equity loan proceeds are generally restricted as to purpose.
(b) Home equity loans are generally installment loans with a 1- to 10-year term.
(c) Home equity loan interest is tax deductible up to a maximum of
$100,000.
(d) All of the above are true.
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