Which of the following are not types home equity loans?

Question

Quizplus · Accepted Answer

All of the choices listed are indeed types of home equity loans. A Home Equity Line of Credit (HELOC) is a revolving line of credit secured by the equity in your home. Fixed-rate/fixed-term loans provide a single lump sum to the borrower, which is paid back over a set period of time at a fixed interest rate. Balloon payment loans require borrowers to pay off the loan in a large lump sum after a series of smaller monthly payments.

Which of the Following Are Not Types Home Equity Loans