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have Today your home is worth $250,000. The balance you owe on your mortgage is $20,000. Your equity is You to sell your home in order to gain access to your equity. According to your lending institution's policy, the maximum home equity line of credit is 80% of your home's worth. Eighty percent of your home's worth is $ 1. Your lending institution follows the practice of most lenders as described in the previous paragraph. Your line of credit will be $ This line of credit is considered a loan that will be What do the three major forms of open (non-credit card) credithave in common? Check all that apply, They provide funds that can easily be exhausted They require collateral They have potential tax advantages. They provide funds that are easy to spend unwisely