A home equity loan
A) can be used to consolidate many high interest rate credit card debts into a single low interest rate loan.
B) is a great option for people with a lot of debt who cannot control their spending.
C) usually has a high interest rate,so it should be used only in emergencies.
D) none of the answers are correct.
Correct Answer:
Verified
Q52: What is the usual time frame for
Q53: Who can help you determine your borrowing
Q54: Insurance doesn't impact your budget.
Q55: Leasing a vehicle is always a better
Q56: What is an adjustable-rate mortgage (ARM)?
A)A home
Q57: A home equity loan for the purpose
Q58: Why should you not take out a
Q60: Equity is the difference between what you
Q61: If a homeowner is in foreclosure,the home
Q62: PMI is required when purchasing a home
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