All of the following cash needs are appropriately sourced from a home equity loan versus credit card or short-term personal loan, except for

Question

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Home equity loans are typically used for significant expenses that offer long-term value or investment, such as home renovations (A) or buying a new car with the intention of long-term use (B), due to their lower interest rates and potential tax benefits. However, using a home equity loan for a short-term, consumable expense like a vacation to Disneyworld (C) is generally not advisable due to the long repayment period and the risk of securing the loan with your home.

All of the Following Cash Needs Are Appropriately Sourced from a Home