Which of the following is a feature of a home equity loan?
A)The interest rate on a home equity loan is higher than that on other loans.
B)The interest paid on a home equity loan is tax deductible.
C)A home equity loan is generally the first mortgage loan.
D)A home equity loan is a single-payment loan.
E)A home equity loan is an unsecured loan.

Question

Quizplus · Accepted Answer

Home equity loans allow homeowners to borrow against the equity in their home, and the interest paid on these loans is often tax deductible, making it a more attractive option for borrowers.

Which of the Following Is a Feature of a Home