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Home equity loans Are based on the original purchase price of a home. Have interest that is tax-deductible. Will cause you to lose your car

Home equity loans

		Are based on the original purchase price of a home.
		Have interest that is tax-deductible.
		Will cause you to lose your car if the loan is not repaid.
		Require you to be a member of a credit union.
		Charge high interest rates ranging from 12 to 25%.

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