What is a home equity loan, and what are its major advantages and disadvantages?

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Personal Financial Planning

ISBN: 978-1111971632

13th edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Randy Billingsley

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Question Posted: Feb 13, 2015 09:32 AM

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What is a home equity loan, and what are its major advantages and disadvantages?

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A home equity loan lets a homeowner use his or her home as collateral to borrow a given amount of mo...View the full answer

Personal Financial Planning

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