If your goal is to maximize your return on investment,identify the least acceptable reason to borrow on the equity from your home

Question

Quizplus · Accepted Answer

Borrowing against the equity in your home to buy a car is not an acceptable reason as cars are depreciating assets and do not provide a good return on investment. In contrast, borrowing for college or to purchase a second home can potentially provide greater returns in the long run. Remodeling your house can also increase its value and can be a good reason to borrow against your home equity.

If Your Goal Is to Maximize Your Return on Investment,identify