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a) (4 points) Explain why a home equity mortgage loan can be a better source of funds for household needs than other types of consumer

a) (4 points) Explain why a home equity mortgage loan can be a better source of funds for household needs than other types of consumer debt. b) (4 points) What are the different factors that affect a borrowers refinancing decision? What is the general rule of thumb? c) (4 points) Distinguish between conforming and nonconforming residential mortgage loans and explain the importance of the difference.

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