Multiple Choice
A home equity lines of credit is a line of credit (HELOC) extended to a _____ in exchange for collateral.The limit on the deductibility of a HELOC for the construction or improvement to the home is _____.
A) Banker / $50,000.
B) Homeowner / $50,000.
C) Banker / $100,000.
D) Homeowner / $100,000.
Correct Answer:
Verified
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